tnk4800

Will the Fed Target Long-Term Rates?

what the fed needs to do is get banks out of the mortgage business immediately. Cut the mortgage lenders out.They proved once again they are thieves.
Loan directly to buyers and people who need to re-finance. Charge a simple 2% for a 30 year Home loan add 1% for insurance to guarantee the loan. FMA and Freddy adminsitrate or subcontract it out to banks and insurers.
Residence only, one home, fed originated, transparent, administraighted, guaranteed loan per buyer . They could establish another level for investors, multiple property buyers say 4% plus 1/2 % to guarantee the loan.
Defaults if any would be held and administrated by the fed, setting a minimum auction price to stabilyze the market.