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Treasury: Will begin selling mortgage securities

Treasury: Will begin selling mortgage securities

The Treasury Department says it will begin selling its remaining $142 billion in holdings of mortgage backed securities purchased during the financial crisis.
Treasury officials said the first sales of up to $10 billion in the securities, primarily issued by troubled mortgage companies Fannie Mae and Freddie Mac, would start this month.
Assistant Treasury Secretary Mary Miller said that the sales represented a continuation of efforts by the government to wind down the emergency programs put in place in 2008 and 2009 to help restore market stability.


Updated : 2021-05-06 07:50 GMT+08:00