Federal Government Continues to Bolster MBS Market, More Support on the Way
April 10, 2009
The Federal Reserve Bank of New York continued to pump more cash into the residential MBS market, with $73.86 billion in gross purchases through the week ending April 8. The New York Fed also bought $5.90 billion in debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks since the beginning of April. That brought the bank’s total gross purchases... [Includes one chart]