Tuesday, March 31, 2009

Details of Fed Plan to Purchase Mortgage Securities

Learn more about the commitment the Federal Reserve Board made last week to purchase up to an additional $750 billion in mortgage backed securities guaranteed by Fannie Mae or Freddie Mac. That commitment is in addition to the regulator's existing $500 billion program, raising the initiative to $1.25 trillion. The Fed also announced it would increase its purchase of Fannie Mae and Freddie Mac debt from $100 billion to $200 billion. These efforts combined are intended to keep mortgage rates low. For more info contact Jeff Lischer, 202/383-1117.
at 3/31/2009 07:02:00 AM

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