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 representative works on a computer as homeowners receive assistance with home loan modifications 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 representative works on a computer as homeowners receive assistance with home loan modifications 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 #:
481183935
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Object name:
MORTGAGE RATES

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A representative works on a computer as homeowners receive assistance... News Photo 481183935America,California,City Of Los Angeles,Computer,Event,Finance,Government,Home,Home Ownership,Horizontal,House,Loan,Mortgage,Mortgage Document,North America,Politics,Receiving,Representatives,Technology,The Americas,USA,WorkingPhotographer Collection: Bloomberg © 2014 Bloomberg Finance LPA representative works on a computer as homeowners receive assistance with home loan modifications 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