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.
https://www.wsj.com/articles/in-the-coronavirus-economy-the-only-safe-mortgage-is-a-government-backed-one-11585733400