# biden mortgage plan

Supreme Court's conservatives sharply question legality of Biden's student loan forgiveness program » A decision in the case, which is expected this summer, will affect roughly 40 million borrowers who are eligible for relief. Cbsnews.com

Fed QT mix may be capping, not spurring, long yields » The recent surge in long-dated U.S. bond yields to their highest since 2007 has a few plausible triggers, but the Fed's quantitative tightening (QT) policy of reducing its balance sheet does not appear to be one of them. Reuters.com

Explainer-The Fed's new 'QT' plan takes shape » The Federal Reserve on Wednesday said it will start culling assets from its $9 trillion balance sheet in June and will do so at nearly twice the pace it did in its previous "quantitative tightening" exercise as it confronts inflation running at a four-decade high. The central bank's stash of assets has roughly doubled in size during the coronavirus pandemic as it used purchases of Treasuries and mortgage-backed securities to smooth market functioning and augment the effects of its interest rates cuts. Here's a rundown of what is in the cards now and how it differs from the 2017-2019 "QT" period. Finance.yahoo.com

Housing industry pleads with Biden administration to narrow the mortgage spread - HousingWire » The Biden administration should be buying mortgage-backed securities, housing trade groups say. Doing so, they claim, "would not undermine the overall impact of the Fed's actions to increase short-term rates and combat inflation." Housingwire.com

House passes $1.75 trillion Biden plan that funds universal pre-K, Medicare expansion and renewable energy credits » The House has passed the largest expansion of the social safety net in decades, a $1.75 trillion bill that funds President Joe Biden's top priorities. Cnbc.com

Will the Fed really sell its mortgage bonds next year? » Predictability and principles should win Ft.com

Supreme Court agrees to hear second dispute over Biden's student loan forgiveness plan » This case was brought by two borrowers in Texas who have outstanding student loans. Cbsnews.com

Will Biden's student loan plan hold up in court? » President Joe Biden and his administration are defending the legality of the student loan relief plan. Abcnews.go.com

The Fed’s QT Isn’t Going to Plan » Hello. Today we look at the Federal Reserve’s QT challenges, UK inflation above 10% and transitory price pressures. Bloomberg.com