ALERT: Emergency Rate Cut; QE4 Officially Here, Including $200bln MBS Mar 15 2020, 5:45PM Fed Funds Rate now 0-0.25% (matches record low) $500 bln in new Treasury purchases + 100% reinvestments $200 bln in new MBS purchases + 100% reinvestments 1st month of MBS QE + reinvestments to equal $80bln Pace will be adjusted as appropriate Announcement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315a.htm Is this big news? Yes Is it unexpected? No. Well, i

Point-counterpoint: Mortgage Brokers vs. Bankers In the last few years, banks have suffered some troubles with regulators and the public. In June, 6 banks were cited for ignoring requests for loan modifications or failing to make good-faith efforts to prevent foreclosures, while regional banks continue to be hit with investigations by the Justice Department for bad underwriting of Federal Housing Administration loans, according to National Mortgage News. Whom would you appro