Fannie Mae and Freddie Mac added a combined $12.5 billion in agency mortgage-backed securities (MBS) to their retained portfolios in January, a volume that BTIG analyst Eric Hagen described as “lower than expected” but still effective in helping to drive down mortgage rates.

During a Jan. 21 speech at the World Economic Forum in Davos, President Donald Trump said he had directed the government-sponsored enterprises (GSEs) to purchase up to $200 billion in MBS. He had previously disclosed the directive in a Jan. 8 social media post.

In January, details ⇒

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