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The Fed Now Owns Nearly One Third of All US Mortgages
Mish
The Fed’s balance sheet is ballooning out of control.
Nearly $7 Trillion in Securities, $2 Trillion Mortgages
As of August 26, 2020 the Fed’s Balance Sheet is nearly $7 trillion total of which $3.7 trillion are notes or bonds, and nearly $2 trillion in mortgages (Fannie Mae, Freddie Mac, or Ginnie Mae).
No End in Sight to Fed’s Mortgage Buying Spree
Bloomberg reports No End in Sight to Fed’s Mortgage Buying Spree.
Key Points
- The Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month. …….more here
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