Volume 2008 - Number 22
October 17, 2008
GSEs Eye Subprime and Alt A MBS Purchases; TARP Shifts Focus
Fannie Mae and Freddie Mac will reportedly return to the non-agency mortgage-backed security market as investors in securities backed by subprime or Alt A mortgages under the direction of the Federal Housing Finance Agency. The move coincides with a $250 billion capital injection for struggling banks in lieu of MBS purchases by the federal government’s Troubled...
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