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
on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.
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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