Fed Owns Nearly 30 Percent of All Outstanding MBS

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: What’s on the Horizon for Existing Home Sales? Next: Building Not Keep Up With Inventory Needs Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Bing bai Federal Reserve Laurie Goodman MBS Securities The Urban Institute U.S. Treasury 2017-11-03 Dean Terrell The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save in Daily Dose, Featured, Government, Journal, News Fed Owns Nearly 30 Percent of All Outstanding MBS November 3, 2017 2,996 Views Related Articles  Print This Post Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Federal Reserve’s plan to reduce the amount of agency mortgage-backed securities (MBS) and U.S. Treasury securities (Treasuries) it owns will run off slower than its targeted amounts, according to a recent report from the Urban Institute titled “Normalizing the Federal Reserve’s Balance Sheet: The Impact on the Mortgage-Backed Securities Market.” The authors of the report, Laurie Goodman, Codirector of the Housing Finance Policy Center, and Bing Bai, a research associate for the Urban Institute, examine the Fed’s near-term path mortgage portfolio to understand when the portfolio will normalize.Starting in November 2008 and ending in September 2014, The Federal Reserve began buying large quantities of assets from the private sector as a method of quantitative easing. As of September of this year, the Fed now owns $1.77 trillion of MBS (nearly 29 percent of all outstanding MBS) and $2.45 trillion of treasuries. Based on similar assumptions made by the Fed, Goodman and Bai believe there will still be $1.18 trillion of MBS on the Fed’s books after their balance sheet normalizes. The researchers also believe the Fed should take advantage of the investment period left to do more rebalancing, as well as take additional action to help launch the single government-sponsored enterprise security.Based on assumptions from two separate surveys of primary dealers and market participants released by the Fed in July 2017, the researchers found the Fed’s baseline portfolio in 2025 will be $2.84 trillion. This is larger than levels prior to the crisis but smaller than the current level of $4.46 trillion. As the winding down of begins, the projected mortgage runoffs during the first year will total $197 billion, providing a $120 billion runoff and a $77 billion reinvestment. The Institute believes for the first year and the year after, the paydowns in this base case generated by the portfolio will be insufficient for covering the targeted runoff. Regarding treasuries, Goodman and Bai project there will be $369 billion in paydowns in the first year, producing a $175 billion runoff and $194 billion reinvestment. To read the full report and the researchers’ recommendations, click here.      The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Bing bai Federal Reserve Laurie Goodman MBS Securities The Urban Institute U.S. Treasury About Author: Dean Terrell Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Fed Owns Nearly 30 Percent of All Outstanding MBSlast_img read more

Mubarak Wakaso wins MVP award at the Guinness National Player Awards

first_imgBlack Stars midfielder Mubarak Wakaso picked up two awards at the second edition of the Guinness National Player Awards held at the State Banquet Hall on Friday.The midfielder emerged winner in the Top Scorer and the Most Valuable Player category in the Black Stars Division.Black Satellites striker Ebenezer Assafuah also picked up two awards at the event. Honours were bestowed on retired and active Ghanaian players for their contribution towards the development of Ghana football.OLD GENERATION:1998-99 BLACK QUEENS SQUAD (AFRICAN WOMEN’S CHAMPIONSHIP/WORLD CUP)Memunatu Sulemana, Rita Yeboah, Regina Ansah, Elizabeth Baidu, Juliana Kakraba, Mavis Djangmah, Barikisu Tettey Quao, Alberta Sackey, Vivian Mensah, Adjoa Bayor, Kulu Yahaya, Lydia Ankrah, Mercy Tagoe, Nana Ama Gyamfua, Gladys Enti, Sheila Okine, Priscilla Mensah, Stella Quartey, Genevive Clottey.Patience SackeyGOLDEN LEGENDS 1. ADANSI FOFIE – BRONG AHAFO REGION2. GEORGE ALHASSAN – NORTHERN REGION3. MENSAH AGUADZE – VOLTA REGION4. DODOO ANKRAH – GREATER ACCRA5. KWAME ADARKWA – ASHANTI REGIONSPECIAL AWARDS (Coaches)1963-CK GYAMFI AND BEN KOUFIE1965 –CK GYAMFI AND BEN KOUFIECURRENT GENERATIONBlack Starlets (Male Under-17)Top Scorer: Emmanuel BoatengMost Valuable Player: Emmanuel Oti,Black Satellites (Male Under-20)Top Scorer: Ebenezer AssafuahMost Valuable Player: Ebenezer Assafuah,Black Stars:To Scorer: Mubarak WakasoMost Valuable Players: Mubarak WakasoBlack Maidens (FemaleUnder-17)Top Scorer: Jane AyieyamMost Valuable Player: , Priscilla Okyere Black Princesses (Female Under-20)Top Scorer: Elizabeth AddoMost Valuable Player: , Elizabeth Addo,Black Queens:Top Scorer: no body met the criteriaMost Valuable Player: Janet Egyir,last_img read more