Fed Buys $5 Bln Of GSE Debt

08 Dec 2008

The Federal Reserve has purchased $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt as part of a federal program intended to cut mortgage costs.

The Federal Reserve has purchased $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt as part of a federal program intended to cut mortgage costs. According to the Fed, the bonds it bought have maturities between December 2009 and 2010, and represent the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial