The Impending Reform of Fannie Mae and Freddie Mac

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According to the public listings of meetings, Treasury officials have met with executives from several leading banking institutions, including Wells Fargo, Morgan Stanley, Credit Suisse and Goldman Sachs.  Executives from these banks are proposing ideas publicly through trade groups suggesting they become the new housing and finance leaders helping to bundle individual mortgages into securities [...]

Fed Purchases Of Mortgage Backed Securities To End

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The Federal Reserve Bank will discontinue buying mortgage backed securities in March 2010.  The Federal Reserve has been actively supporting the treasury and mortgage markets with purchases of treasuries and mortgage backed securities since fall 2008. This could have an impact on the mortgage climate for the foreseeable future.  A Morgan Stanley chief economist feels [...]