Topic: Federal Reserve Bank Of New York

Federal Reserve Bank of NY begins buying mortgage-backed securities to spur housing marketThe Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.The program, initially announced Nov. 25, allows ...

The Federal Reserve said Monday it began buying troubled mortgage securities through investment managers, kicking off a program expected to spend up to 500 billion dollars to ease a credit crisis.A statement from the New York Fed said the program announced in ...

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