‘Off-Market’ Solutions Could Have Many Severe Unintended Consequences for the MBS Market
August 7, 2009
Some industry groups are clamoring for an “off-market” approach to help spur the housing market by having the federal government directly fund mortgages at a fixed, pre-set rate, effectively bypassing the secondary market. But this simple-sounding theory, born of the continued challenges being faced in the domestic real estate space, could have serious, wide-ranging and...