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Fed in No Rush to Sell Mortgage Assets, Minutes Show: Video

May 19 (Bloomberg) — Federal Reserve policy makers last month said they were in no rush to sell .1 trillion of mortgage-backed securities, with a majority preferring to wait until after the central bank starts raising interest rates. Bloomberg’s Mark Crumpton, Julie Hyman and Scott Lanman report. (Source: Bloomberg)

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therealdeal - Second wave of mortgage crisis to come

In a segment on CBS that aired yesterday, 60 Minutes correspondent Scott Pelley talks to investment and credit experts about the new types of mortgages that will create a second wave of foreclosures. The country has already suffered the subprime mortgage crisis, and the experts say the next wave of risky mortgages to default are the Alt-A and option ARM mortgages, which were also bundled into Wall Street securities and sold to investors. For more information plesae click the link: www.cbsnews.com

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