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Real Estate & Property Law

: Housing Wire

Fed Balance Sheet Shrinks as MBS Sales Slow

By DIANA GOLOBAY

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As the Federal Deposit Insurance Corp. prepared to announce a delay to the toxic loan-purchasing program of the Public-Private Investment Program, the Federal Reserve wrapped up a slow week of mortgage-backed securities (MBS) purchases. The Federal Reserve Bank of New York on Thursday reported gross weekly MBS purchases of $27.68bn in the week ending June 3 [...]

Full post as published by Housing Wire on June 05, 2009 (boomark / email).

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