Source: JPMorgan |
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The Fed Will Buy Over Half of All New Agency MBS
Author:
Walter Kurtz
Location: Tokyo
Date: 2012-09-14
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. |