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re: QE3

Posted on 9/13/12 at 12:31 pm to
Posted by Dr Rosenrosen
Member since May 2006
3343 posts
Posted on 9/13/12 at 12:31 pm to
Bernanke rocks. I absolutely love this market.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 9/13/12 at 12:42 pm to
I have mixed feelings about this move. The price of energy, food and the essentials we all need are going through the roof. Cost of insurance is sky rocketing.

My question is will the MBS they purchase be based on FHA qualifications?

I know that locally in my area that KB Homes has been selling homes to buyers who would not normally qualify for more traditional financing. They are providing initial financing through a subsidiary in Dallas. Are some of these mortgages going to sold off to the FED?
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