Big Test Ahead for Mortgage Market
The cessation of the government program to buy mortgage-backed securities, set to end in a couple of months, will show whether the White House and Federal Reserve have effectively stimulated the lending market to the point that it is now on solid footing.
If the sector slumps again, home owners could face a new period of distress.
http://www.realtor.org/RMODaily.nsf/pages/News2010012502?OpenDocument
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