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Mar 28, 2020
12:55
:07
pm
Solomon Levi
All-American
Fed will step in
It already has with Fannie and Freddie
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Solomon Levi
Previous username
UtePimp
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Solomon Levi
Joined
Sep 2, 2001
Last login
Jun 14, 2024
Total posts
21,365 (1,852 FO)
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Messages
Author
Time
There is a wave a missed mortgage payments coming and it could get really ugly
RexIdaCoug
3/28/20 12:51pm
I would bet on the Fed to step in. Massive bank failures not an option.
grosven
3/28/20 12:54pm
Fed will step in
Solomon Levi
3/28/20 12:55pm
What does that mean for interest rates?
Ryan M
3/28/20 1:07pm
Almost nothing imo
RexIdaCoug
3/28/20 1:32pm
Probably nothing--they are at 0. But expect a larger Balance Sheet > $5 Trillion
grosven
3/28/20 1:33pm
I think he was asking about mortgage interest rates
RexIdaCoug
3/28/20 1:37pm
Well, I think it's the same. Mortgage rates will be adjusted for risk.
grosven
3/28/20 1:47pm
I agree
RexIdaCoug
3/28/20 2:02pm
I don’t have time to read but doesn’t the CARE bill
kotacoug
3/28/20 1:26pm
Generally no.
RexIdaCoug
3/28/20 1:32pm
If a mortgage payment is missed, the bailout should immediately be voided for
Misteak
3/28/20 3:06pm
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