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Message
re: QE3
Posted on 9/13/12 at 12:49 pm to OnTheBrink
Posted on 9/13/12 at 12:49 pm to OnTheBrink
quote:
So what exactly does "buying mortgages" mean?
Buying Fannie, Freddie, and Ginnie mortgage backed securities in the open market, probably from mortgage originators (the banks that package the mortgages into a security).
1
Posted on 9/13/12 at 12:53 pm to BennyAndTheInkJets
quote:
Buying Fannie, Freddie, and Ginnie mortgage backed securities in the open market, probably from mortgage originators (the banks that package the mortgages into a security).
So that in turn does what? Bail out the homeowners?
Excuse my ignorance on this, just trying to undertsand.
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