Archive for September 24th, 2009

Fed Has Created Overpriced Mortgage Securities

Thursday, September 24th, 2009
Fed Has Created Overpriced Mortgage Securities

The Federal Reserve Board’s commentary yesterday included an extension of time to complete its purchases of $1,250 billion in mortgage securities issued by Federal National Mortgage Association (FNMA or Fannie Mae) and Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). To date it has accumulated over $850 billion worth, and they want to... »

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