Commercial Banks Continue to Build MBSs Aggressively, Outpacing Fannie and Freddie
December 6, 2002
Commercial banks continued to gobble up mortgage-backed securities during the third quarter, as the industry faced dimmer growth prospects in other assets. According to new data released by the Federal Deposit Insurance Corp., commercial banks raised their stake in the MBS market by 5.1 percent during the third quarter, bringing the industry’s total holdings to $695.1 billion. For the year, commercial banks have increased