Comments on: The Fed to buy or not to buy MBS– That is the question http://housingdoom.com/2008/03/24/will-fed-buy-mbs/ Sat, 11 Feb 2012 01:19:56 +0000 hourly 1 http://wordpress.org/?v= By: Hutch http://housingdoom.com/2008/03/24/will-fed-buy-mbs/#comment-11073 Hutch Mon, 24 Mar 2008 15:46:59 +0000 http://housingdoom.com/2008/03/24/will-fed-buy-mbs/#comment-11073 Yep, that'll help. Checking out HUD auctions in Houston last year, the homes I saw had sat empty for close to a year before coming up for auction. More than half had been vandalized. How does a Federal Agency handling the coming foreclosures help stabilize prices? The longer they sit the more they create blight, the faster they sell the steeper the price drop. Igor says tragedy Yep, that’ll help. Checking out HUD auctions in Houston last year, the homes I saw had sat empty for close to a year before coming up for auction. More than half had been vandalized. How does a Federal Agency handling the coming foreclosures help stabilize prices? The longer they sit the more they create blight, the faster they sell the steeper the price drop.

Igor says tragedy

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