Fed Agency MBS Purchases Top $1T
11-24-2009 | Source: Total Securitization
The Federal Reserve Bank of New York’s purchase of agency mortgage-backed securities topped $1 trillion after it bought another $16 billion of the securities in the week ended Nov. 18. In the latest transaction, the Fed acquired $6.77 billion from Ginnie Mae, $5.9 billion from Freddie Mac and $4.55 billion from Fannie Mae. Overall, most of the Fed’s total net purchases (58%) were from Fannie Mae, followed by Freddie Mac (33%) and Ginnie Mae (9%).
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