Ginnie MBS Buying Up Sharply, But FHLBanks Still Mostly Invested in Fannie/Freddie Securities
September 11, 2009
Federal Home Loan Bank investments in Ginnie Mae MBS jumped 117.1 percent in the second quarter, reaching $1.84 billion, a new record level of activity at a time when the system was scaling back its MBS holdings. The 12 FHLBanks held a combined $152.83 billion of mortgage securities on their books in the second quarter, down 5.4 percent from the previous period... [Includes one chart]