Fannie Mae-No Politics (FNMA)

[Phisherman]

Fed buys $1.4 billion of Fannie, Freddie, FHLB debt
01/09 12:52 PM
NEW YORK, Jan 9 (Reuters) - The Federal Reserve bought $1.4 billion of Fannie Mae (FNM:$0.76,00$-0.03,00-3.80%) , Freddie Mac (FRE:$0.76,00$-0.02,00-2.56%) and Federal Home Loan Banks debt in permanent coupon purchases on Friday in an ongoing effort to lower mortgage rates.
Dealers submitted $2.775 billion for consideration in the Fed purchase. The Fed purchases spanned maturities from 2011 through 2012.
For more details on the operation please click on
http://www.newyorkfed.org/markets/pomo/display/index.cfm
(Reporting by John Parry and Lynn Adler; Editing by Chizu Nomiyama)