QE1 is the nickname given to the federal reserves initial round of quantitative easing. That’s when the federal reserve massively increased its standard open market operations, it purchased the debt from its member banks. The debt was mortgage backed securities, consumer loans, treasury bills, bonds, and notes. What does this matter to you? Let’s nerd out!
Dan Rawitch: Started RPM Mortgage, Traded for Bears & Stearns, Founded One of the Largest Credit Reporting Agencies and sold to TransUnion, Host of RateWatch since 2008.