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Real Estate & Property Law

: Housing Wire

Fed Taps JP Morgan As Custodian for MBS Purchase Program

By PAUL JACKSON

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The Federal Reserve has selected JP Morgan Chase & Co. (JPM: 24.4495 -2.98%) as custodian for its mortgage-backed securities purchase program, the New York-based bank said in a press statement Tuesday morning. The program, which began on January 5, 2009, will purchase up to $500 billion in MBS that are backed by Fannie Mae (FNM: [...]

Full post as published by Housing Wire on February 03, 2009 (boomark / email).

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