TheStreet.com RealMoney

Of MBS and Automotive

By Vincent Farrell Jr.

 About this article:
 Soleil's Carol Berger wondered aloud in a piece last week what would happen when the Fed stops buying mortgage-backed securities in 2010. She fears that without that deep-pocketed bidder, there will be no other natural buyer and mortgage rates could go up enough to hurt the housing market. Seeing as how we are partners, I figured part of my job would be to help find that reassurance she is looking for. I noticed a few pieces in the paper, oddly enough, that addressed the same subject. Michael Mackenzie, writing in Saturday's Financial Times, said, "There is the prospect for increased competition for ... debt sales once the Fed completes its mortgage purchases at the end of the month. Throw in the prospect of companies and banks having hefty amounts of debt maturing in the coming years and it's safe to think the clearing price will result in...

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