Althoughthey are likely to fall as a result of theslumpingworldeconomy, they may be less fickle than more publicised private-capital flows, such asequityandlending by foreignBanks.
As the American mortgage market ebbs and flows, we have the duty to protect responsible lending in the housing market for borrowers, lenders, and everyone else who is engaged in the economic life of our country.
What is important is what happens to money and credit flows as the Fed allows special lending programs to expire and begins to replace other purchased assets on its balance sheet, mainly mortgage-backed securities, with traditional Treasury bills.