Chairman Ben surprised mortgage markets last week with even more aggressive action to buy up MBS and drive down mortgage rates to 4.5%, that’s the lowest in my 21 year career! This should help stabilize the real estate market faster than anyone expected.
Next, some market players I spoke with believe TALF money is so broadly worded that it can be used to buy timeshare loans. Great news for the timeshare industry, and just in time for the upcoming ARDA conference at the end of March.
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