In the great recession, the Fed purchased significant amounts of mortgage backed debt in a process known as quantitative easing (QE). QE is thought to be one of the leading reasons for the success of the real estate market coming out of the last recession. In 2009 and 2010 the Fed purchased more than one …
mbs
The Federal Reserve took assertive action recently, announcing additional upcoming measures to be implemented in an effort to mitigate the negative economic effect of the COVID-19 outbreak. These actions include several of those recently proposed by the Mortgage Bankers Association (MBA). The Federal Open Market Committee (FOMC) released an official statement detailing sweeping new measures …