NEW YORK, (Reuters) – The Federal Reserve bought $427 million of agency mortgage-backed securities in the week
from Feb. 6 to Feb. 12, compared with $2.385 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments
The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae (OB:),
Freddie Mac (OB:) or the Government National Mortgage Association, or Ginnie Mae,
in the latest week. It sold none the prior week.
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