Industry NewsMortgage

Home Loan Banks get green light for agency MBS purchases

$100 billion liquidity for mortgages backed by Fannie, Freddie
Published on Mar 24, 2008

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by CareyBot

More than 8,000 members of the Federal Home Loan Bank System will be allowed to double their purchases of mortgage-backed securities backed by Fannie Mae and Freddie Mac, providing more than $100 billion in additional liquidity over the next two years, regulators said today.

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