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The feds buying up mortgages
extra terrific
Registered User
User ID: 64259
09-22-2012 02:55 PM

Posts: 1,012



Post: #1
The feds buying up mortgages
The Federal Reserve announced today that it will launch a program to buy up to $600 billion in mortgage-backed securities and GSE direct obligations to help buoy the flagging mortgage market.

Under the plan, the Feds will purchase up to $100 billion in direct obligations of housing-related debt from Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

Additionally, up to another $500 billion in mortgage-backed securities backed by Fannie, Freddie, and Ginnie Mae will be purchased, conducted by assets managers selected by the Fed.
http://www.thetruthaboutmortgage.com/fed...ecurities/

Yes I know, its been posted before,
This is starting to bug the hell out of me.
That a private company, over which our government has no control over is buying up America.
That they are doing it with their own funny money and essentially will become our landlords irritates me. S977
(This post was last modified: 09-22-2012 03:16 PM by extra terrific.) Quote this message in a reply
OmegaEx-Moderator
User ID: 70011
09-22-2012 03:03 PM

Posts: 21,040



Post: #2
RE: The Feds To Buy Mortgage Backed Securities
OP I modified your thread title. Please don't start threads with the url in the title. Thanks...

Man will never be free until the last politician is strangled with the entrails of the last banker - Diderot
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extra terrific
Registered User
User ID: 64259
09-22-2012 03:17 PM

Posts: 1,012



Post: #3
RE: The feds buying up mortgages
Thanks , for pointing that out.
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