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Real Estate & Property Law

: Housing Wire

Fed MBS Purchases Slow; Balance Sheet Swells

By DIANA GOLOBAY

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The Federal Reserve Bank of New York purchased another $30.4bn in gross agency mortgage-backed securities (MBS) this week from government-sponsored entities Freddie Mac (FRE: 0.88 -3.30%), Fannie Mae (FNM: 0.85 -5.56%) and Ginnie Mae, according to a late-Thursday announcement. The Fed purchased, net of $8.65bn in coupon sales, $21.75bn in agency MBS in the week [...]

Full post as published by Housing Wire on April 17, 2009 (boomark / email).

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