Fannie, Freddie are said to step in as MBS market volatility spikes (FNMA:OTCMKTS)

Fannie, Freddie are said to step in as MBS market volatility spikes (FNMA:OTCMKTS)

Fannie Mae and Freddie Mac ramp up MBS buying after a selloff as spreads widen and rates rise.

Fannie Mae, Freddie Mac Boost MBS Buying as Market Turbulence Creates Opportunity

Fannie Mae (FNMA) and Freddie Mac (FMCC) are stepping up purchases of mortgage-backed securities (MBS), entering a market rattled by rising volatility and widening spreads, according to a Bloomberg report citing a source familiar with the situation. The government-backed entities are capitalizing on a recent selloff while expanding their holdings of loans and bonds. Their renewed buying follows a directive earlier this year from President Donald…