Banks Buy Heavily in Mortgage Securities Market During Second Quarter of 2002
September 20, 2002
Commercial banks came hungry to the mortgage-securities market during the second quarter of this year, staging a massive buying binge that focused heavily on the agency pass-through sector. According to data released by the Federal Deposit Insurance Corp., total holdings of Fannie Mae and Freddie Mac MBSs climbed from $265.4 billion at the end of March to $323.5 billion as of the end