New York Fed begins purchasing mortgage-backed securities MortgagePress.commortgage-backed securities, Federal Reserve Bank of New York, Fannie Mae, Freddie Mac, Ginnie Mae
The Federal Reserve Bank of New York has began purchasing
fixed-rate, mortgage-backed securities guaranteed by Fannie Mae,
Freddie Mac and Ginnie Mae. Selected private investment managers
are acting as agents of the New York Fed in these purchases.
Summary data detailing these operations will be available on the
New York Fed's website
beginning Thursday, Jan. 8, and will be updated on a weekly basis
This program, first announced on Nov. 25, 2008, is intended to
support the mortgage and housing markets and foster improved
conditions in financial markets more generally.
For more information, visit ny.frb.org.