Fed’s Quarles: 30-Year Fixed-Rate Mortgage ‘Probably’ Doesn’t Need Government Backstop
MarketWatch, Apr. 19, 2018–Greg Robb
At a Senate Banking Committee hearing, Fed Vice Chairman for Supervision Randal Quarles was asked by Sen. Heidi Heitkamp, Democrat for North Dakota, whether a government guarantee was “essential” for “retaining” the 30-year mortgage instruments. Quarles replied: “My belief today is probably not.”
