Thursday, September 13, 2012

The Fed will buy over half of all new agency MBS

So much for shifting the US mortgage business into the private markets. Going forward the Fed will be a buyer of more than half of all new agency MBS issued. At this point one might as well make the GSEs part of the Fed or give the central bank a mortgage origination capability.

Source: JPMorgan
Related Posts Plugin for WordPress, Blogger...
Bookmark this post:
Share on StockTwits