The Federal Reserve purchased $22.705 billion of agency mortgage-backed protections in the week
from Jun. 25 to Jul. 1, contrasted and $22.859 billion bought the earlier week, the New York Federal Reserve Bank actually confirmed and said on Thursday.
In a transition to actually help the housing industry in October 2011, the U.S. national bank has been utilizing assets from principal installments
on the agency obligation and agency mortgage-backed protections, or MBS, it holds to reinvest in agency MBS.
The New York Fed said on its site the Fed sold no mortgage protections ensured by Fannie Mae
Freddie Mac (OB:FMCC) or the Government National Mortgage Association, or Ginnie Mae,
in the most recent week. It sold none the earlier week.....
i think this is a good development and would help the US economy to perform better....
Posted Using LeoFinance
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered fraud and violate the intellectual property rights of the original creator.
Fraud is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #appeals in Discord.