Alexander Cohen
Since early 2009, the U.S. Federal Reserve has purchased over $1 trillion in agency mortgage-backed securities (MBS) and agency debt. While this specific stimulus, as well as other Fed actions, have been successful in thwarting a national depression and stabilizing the economy – many would argue that these actions have been too narrowly focused, only targeting certain assets within the real estate sector: conventional residential and multifamily assets.
read more