Why the Fed s actions may only go so far to support mortgages nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
But the country is still likely heading towards a recession and it could be deeper than previously thought, Mortgage Bankers Association Chief Economist Mike Fratantoni said.
Today, the mortgage players who most actively hedged Fannie and Freddie, real estate investment trusts and large bank servicers have significantly reduced their need to to do so, analysts said.