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Loan Modification

: Loan Modification & Home Loan News

Fed Needs to Exit Mortgage Business

By Moe Bedard

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The Federal Reserve should get out of the business of owning mortgage backed securities and should have a top priority of selling them, Frederic Mishkin, former Fed governor and a Columbia University professor, told CNBC Wednesday. “Controlling more than $1 trillion in mortgages is a huge danger to the Federal Reserve,”  Mishkin said. “The big, big [...]

Full post as published by Loan Modification & Home Loan News on April 28, 2010 (boomark / email).

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