The housing crisis that never was – not yet anyway

In contrast to 2008/09, when the US housing market and non-performing subprime MBS formed the epicenter of the GFC, the housing market has proved more robust in 2020 so far.

Learning from 2008/09, the Fed quickly resumed MBS purchases in March 2020. These MBS purchases were designed to prevent a collapse in mortgage finance and self-feeding spiral of loan defaults, repossessions, negative equity and lower prices.

 Read the complete whitepaper now at the link below