Fed’s Mortgage Bond Buying Thus Far

This article has some interesting statistics on the Fed’s buying of mortgage bonds and treasuries.  The good thing is the losses are unrealized and the Fed plan’s on holding them for 10 years to maturity.  “An analysis of the timing of the Fed’s purchases of mortgage-backed securities by J.P. Morgan Chase & Co. shows the Fed is “under water” on its portfolio by about 10%, and it would have to take about $5 billion in losses if it were to mark its portfolio to the market.”