Industry NewsMortgage

Fed taking mortgages as collateral in $200B Treasury auction

Move could reduce pressure for more rate cuts
Published on Mar 11, 2008

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by CareyBot

In a new program intended to ease the credit crunch, the Federal Reserve today announced it will lend $200 billion in Treasury securities to banks and investment firms, allowing them to pledge mortgage-backed securities as collateral. The Fed said the ...

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