September 14th, 2012
Yahoo! Finance has posted this article from CNBC analyzing the breaking announcement that the Federal Reserve will buy $40 billion of mortgage-backed securities per month in an attempt to push down the interest rates that the banks use to sell their loans through the government-controlled Fannie Mae, Freddie Mac, and Ginnie Mae securitization programs.
Per the Wall Street Journal, some 90% of the U.S. home loans are affected by these government-controlled programs.
CNBC has the Federal Reserve Statement here.