Fed also announces it will buy the debt and mortgage-backed securities of housing-related GSEs...

|By:, SA News Editor

Fed also announces it will buy the debt and mortgage-backed securities of housing-related GSEs Fannie Mae (FNM) Freddie Mac (FRE) and the Federal Home Loan Banks. "This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved conditions in financial markets." (PR)