Federal Reserve Support of Agency MBS, GSE Debt Hits $109 Billion
February 11, 2009
U.S. taxpayers, in the form of the Federal Reserve, have increased their aggregate support of agency mortgage-backed securities and GSE debt to $109.3 billion since the Fed program to exert downward pressure on mortgage costs began in December. Of that amount, $91.7 billion has gone toward buying agency MBS as the Fed picked up $22.3 billion in the last week’s worth of...