Inside The Neighborhood Assistance Corporation of America (NACA) Event As Fed Retreat From Mortgages Nears Tipping Point : News Photo

Inside The Neighborhood Assistance Corporation of America (NACA) Event As Fed Retreat From Mortgages Nears Tipping Point

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Bloomberg / Contributor
A Bank of America Corp. representative speaks to homeowners about a home loan modification during the Neighborhood Assistance Corporation of America (NACA) event in Los Angeles, California, U.S., on Friday, March 28, 2014. Fed buying of the securities that helped spur a housing recovery is poised to fall below growth in the $5.5 trillion government-backed market as soon as May, Nomura Holdings Inc. said. Last year, the Fed added twice as much of the debt as was created, suppressing yields that guide mortgage interest rates. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
Caption:
A Bank of America Corp. representative speaks to homeowners about a home loan modification during the Neighborhood Assistance Corporation of America (NACA) event in Los Angeles, California, U.S., on Friday, March 28, 2014. Fed buying of the securities that helped spur a housing recovery is poised to fall below growth in the $5.5 trillion government-backed market as soon as May, Nomura Holdings Inc. said. Last year, the Fed added twice as much of the debt as was created, suppressing yields that guide mortgage interest rates. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
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Date created:
March 28, 2014
Editorial #:
481183875
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MORTGAGE RATES

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A Bank of America Corp representative speaks to homeowners about a... News Photo 481183875America,Bank of America,California,Change,City Of Los Angeles,Event,Finance,Government,Home,Home Ownership,Horizontal,House,Lend,Lender,Loan,Mortgage,Mortgage Document,Neighborhood Assistance Corporation of America,North America,Politics,Representatives,Talking,The Americas,USAPhotographer Collection: Bloomberg � 2014 Bloomberg Finance LPA Bank of America Corp. representative speaks to homeowners about a home loan modification during the Neighborhood Assistance Corporation of America (NACA) event in Los Angeles, California, U.S., on Friday, March 28, 2014. Fed buying of the securities that helped spur a housing recovery is poised to fall below growth in the $5.5 trillion government-backed market as soon as May, Nomura Holdings Inc. said. Last year, the Fed added twice as much of the debt as was created, suppressing yields that guide mortgage interest rates. Photographer: Patrick T. Fallon/Bloomberg via Getty Images