The Fed’s $2.7 Trillion Mortgage Problem

Axios, May 18, 2022–Neil Irwin
The Fed will face a series of political and economic headaches as it attempts to move away from subsidizing home lending by shrinking its portfolio of mortgage-backed securities. The problem: Extracting itself from this market risks crashing the housing industry and creating intense political blowback for incurring financial losses.
https://www.axios.com/2022/05/18/fed-mortgage-portfolio