MBS Owned by the Federal Reserve intro
The Federal Reserve’s purchases of agency mortgage-backed securities (MBS) have been the key driver in the MBS market since the first round of quantitative easing in 2008. With almost USD 700 billion of new emergency MBS purchases since March 2020, the Fed now holds USD 2 trillion of agency MBS, or almost 30% of the outstanding balance. Use our interactive display to explore and gain insight into the Fed’s MBS holdings and purchases.
How to interact with this plot: Click on the area plot to select a date. The left bar plot shows the Fed’s holdings at the end of a particular month, and the right one a cross section of purchases settled during that month. The table shows the weighted average properties of the MBS pools settled into the Fed’s holdings during the month selected in the drop-down box.
WAC = weighted average coupon, OLTV = original-loan-to-value ratio, TPO = third-party origination and CPR = conditional prepayment rate.