I was unable to write the blog on Friday because I was without power thanks to a record amount of snowfall in Dallas. Thank you Adam for stepping in with your post and updating the readers Last Friday, although mortgage-backed securities prices did move higher, the improvements did not lead to reprices...
As promised, the New York Fed plans to begin buying U.S. mortgage and student debt effective immediately, in a move geared at thawing frozen credit markets in the country and restore confidence of the economy. "This program, first announced on November 25, 2008, is intended to support the mortgage...