By DIANA GOLOBAY
June 11, 2009 11:11 AM CST
The Fed continues to purchase large volumes of mortgage-backed securities (MBS) from government-sponsored enterprises.
The move is a response to improved financial market conditions in recent weeks, culminating with the release of the stress test results calculated under the Supervisory Capital Assessment Program, according to the Federal Reserve, which then reduced efforts to extend credit under its liquidity programs.
Click here to read the original article at Housingwire.com
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