Fannie Mae-No Politics (FNMA)

[Patswil]

Why did the Fed buy mortgage-backed securities in 2008?
The reason the Federal Reserve owns mortgage-backed securities goes back to the golden days of the financial crisis of 2008 and 2009, when the Fed was trying to prevent the mortgage market from collapsing

November 25, 2008

Federal Reserve announces it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises and mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae
For release at 8:15 a.m.

https://www.federalreserve.gov/newsevents/pressreleases/monetary20081125b.htm