
Mustafa Chowdhury on Mortgage Risks, Fed Shocks and Derivatives
Macro Hive Conversations With Bilal Hafeez
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Is There a Housing Crisis in the US Mortgage Market?
Is there a housing issue today at all in the mortgage market? You know, because obviously house prices have fallen a lot over the past year or so. But it doesn't feel like we're in the same phase as a subprime crisis. Most mortgages are owned by the Federal Reserve, which is a government entity. Now government is mostly 100% owner of MBS.
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