Powell: Fed 'should have' stopped buying mortgage-backed securities sooner as the Pandemic Housing Boom raged on
Federal Reserve acknowledges pandemic-era MBS purchases may have continued too long but likely had a smaller-than-assumed effect on housing market dynamics.
A star trader is out at $12.8 billion LMR Partners after a mortgage-backed securities trade backfires
Highly leveraged residential-MBS trades at LMR Partners caused large losses that erased over $100 million of gains and led to departure of the portfolio manager.