U.S. Treasury Receives Total of $159.5 Billion in MBS Wind-Down
The U.S. Treasury Department has received a total of $159.5 billion in proceeds from the wind- down of its portfolio of agency-guaranteed, mortgage-backed securities, according to a department release today.
During July, the Treasury received $12.7 billion in proceeds, and principal and interest payments of $2.2 billion. Treasury now has recovered more than 70 percent of its original $225 billion in MBS investments. Treasury still has $82.7 billion in MBS remaining in its portfolio.
“The MBS market has improved considerably since Treasury purchased these securities,” said Matthew Rutherford, Treasury deputy assistant secretary for federal finance, in a release. “Based on current market conditions, Treasury expects to make a profit for taxpayers on this investment.”
To contact the reporters on this story: Cheyenne Hopkins at firstname.lastname@example.org
To contact the editor responsible for this story: Christopher Wellisz at email@example.com