Steps Fed Is Taking To Ease Mortgage Crisis

During a meeting of real estate professionals, Board of Governors of the Federal Reserve System Governor Randall S. Kroszner addressed the National Association of Hispanic Real Estate Professionals Legislative Conference 2008 in Washington, D.C. on the topic of “Protecting Homeowners and Sustaining Homeownership.”

He said on the speech that the mortgage market has been one of the pillars of the US Economy. But now it is facing major confrontation, especially in the in helping people who have shorter or weaker credit records.