Fannie Mae (FNMA) and Freddie Mac (FMCC) have begun placing sizable orders to purchase mortgage-backed securities, Scott Carpenter of Bloomberg reports, citing a person with direct knowledge of the matter. The government sponsored entities are seeking to capitalize on the selloff while expanding its portfolios of bonds and loans, the source told Bloomberg. President Trump two months instructed Fannie and Freddie to acquire $200B of mortgage-backed securities as part of a push to bolster housing affordability, Bloomberg adds.
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