Category: Knowingly

Did the Fed Just Knowingly Trigger a Housing Market Crisis?
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Did the Fed Just Knowingly Trigger a Housing Market Crisis?

The Fed bought a record amount of mortgage-backed securities last week. Its MBS buying spree in March triggered $5 billion in margin calls on routine hedges lenders place against rising interest rates– an existential threat to lenders. Apparently, crashing home prices are an even bigger threat in the Fed’s view. The scale of its housing…

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