Archive for November 26th, 2008

Will the Fed Buying Bad Credit Home Loans Help Housing and Credit Markets Recover?

Wednesday, November 26th, 2008

The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis.  The Fed agreed to purchase $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks. It also will purchase another $500 billion [...]