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“Un-Sourced” Deposits On Bank Statements – Less of a Pain Now

Reminder: The Fed is still buying $1.6 billion of mortgage-backed securities every day. With overall mortgage volume down, this enormous “artificial” demand by the Fed is also what is keeping rates low (not just a weak economy). After the 2008 “meltdown,” Fannie and Freddie went overboard with their demand for minute conditions that often frustrate and […]Read More