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Fed’s Gross Weekly MBS Purchases Gain as Sales Double 

Apr 24, 2009By

The Federal Reserve Bank of New York purchased another $41.45bn in gross agency mortgage-backed securities (MBS) this week from government-sponsored entities Freddie Mac [stock FRE][/stock], Fannie Mae [stock FNM][/stock] and Ginnie Mae after last week’s $30.4bn gross purchases, according to a late-Thursday announcement. The Fed purchased, net of $15.25bn in coupon sales, $26.2bn in agency MBS in the week ending April 22, a pick-up from last week’s $21.75bn in net purchases.

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