The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities (MBS) from housing finance agencies Freddie Mac (FRE), Fannie Mae (FNM) and Ginnie Mae in the week ending November 4. The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie. For the first week in months, were no MBS sales listed in the week ending November 4. The weekly data brings the Fed’s total purchases to $993.13bn, according to weekly analysis by Barclays Capital. Of the net purchases, Fannie issued 59% of MBS while Freddie issued 33% and Ginnie issued the remaining 8% of MBS the Fed has bought so far. It marks a noticeable slowing of the weekly purchases ahead of the program’s anticipated conclusion at the end of Q110. Write to Diana Golobay.
Fed Buys Another $16Bn of Agency MBS
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.