If (when) the Fed starts selling mortgage-backed securities in its balance sheet ($2 Tn), then it will be a bloodbath closer to 2007. And again, there's the pro

If (when) the Fed starts selling mortgage-backed securities in its balance sheet ($2 Tn), then it will be a bloodbath closer to 2007. And again, there's the problem of people with negative equity just walking out, causing a vicious cycle.