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Real Estate & Property Law

: Housing Wire

Fed Buys $10.2 Billion in Agency MBS

By KELLY CURRAN

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The Federal Reserve Bank of New York wasted no time after announcing Monday morning that it had begun buying mortgage-backed securities guaranteed by Fannie Mae (FNM: 0.74 -6.33%), Freddie Mac (FRE: 0.76 -2.56%) and Ginnie Mae. By just Wednesday, the Fed had purchased a whopping $10.2 billion in illiquid mortgage-backed securities from the agencies, according [...]

Full post as published by Housing Wire on January 09, 2009 (boomark / email).

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