Freddie Mac-No Politics (FMCC)

[artmaniac]

FRE:Freddie Mac
News and Ginnie Mae will start having their backed mortgage securities bought in early January by the Federal Reserve. The Fed said it "has selected private investment managers to act as its agents in implementing the program," which is "separate and distinct from the U.S. Treasury's program." The purchases will be financed through the creation of additional bank reserves, the Fed said