One man asks some very logical questions which come to a very simple and logical conclusion.
If the Federal Reserve is going to buy mortgage backed securities, where will they get the money? They will print it.
Therefore, the Federal Reserve, by printing money at the cost of the printing expenses, and using that QE money, will end up buying all mortgages at no real expense or duress to itself, and will end up owning all the real estate.
“If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson