Volume 2014 - Number 11
March 21, 2014
Downloads Available: Mortgage-Related Security Holdings by Investor - 4Q13
Downloads Available: Outstanding 1-4 Family Mortgage Securities - 4Q13
Fed Cuts in MBS Purchases Track Declining New Issuance As Central Bank Continues to Crowd Out Other Investors
The Federal Open Market Committee this week voted to scale back the central bank’s purchases of agency MBS again, dropping the monthly growth target to $25 billion, but the deceleration is barely keeping even with the rapid slowdown in new MBS issuance. At its December meeting, the FOMC decided to drop its MBS purchases to a pace that would add $35 billion per month, and lowered that by another $5 billion at its January meeting. The program began in late 2012 at $40 billion a month. The central bank will continue to reinvest principal and interest payments on its holdings in the agency MBS market. The most recent available data show...[Includes two data charts]
Subscribers to Inside MBS & ABS have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.
Subscriber Log In
If you are a current subscriber or already purchased this article, please login below.
This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
You can purchase this article for $450.00 without subscribing and always have access to it on insidemortgagefinance.com.
Please contact Customer Service if you need assistance: 1-800-570-5744