– In 2023, two banks failed and left behind a large number of bonds.
– These bonds are now being used to secured “long-term, low-rate” loans.
– This is beneficial for the mortgage industry because it will keep rates low and encourage borrowing.
You can read this full article at: https://www.housingwire.com/articles/us-government-to-sell-off-13b-of-mortgage-bonds-from-failed-banks-signature-and-svb/(subscription required)
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