In the Coronavirus Economy, the Only Safe Mortgage Is a Government-Backed One

Wall Street Journal, Apr. 1, 2020–Ben Eisen (subscription)
The Federal Reserve rescued the mortgage market. Part of it. The central bank’s decision to buy a nearly unlimited supply of government-backed mortgages has helped calm skittish markets and ensure that 30-year home loans remain available. But the market for loans in which the government doesn’t shoulder the risk is coming undone.