The U.S. Department of Treasury may begin selling off a $142 billion portfolio of mortgage-backed securities (MBS) it acquired during the financial crisis, The Wall Street Journal reports. The Treasury is planning to sell up to $10 billion in agency-guaranteed MBS per month. The Treasury is expected to generate a profit of between $15 billion and $20 billion from the sales. The department’s investments are mostly 30-year, fixed-rate mortgage securities backed by either Fannie Mae or Freddie Mac. The Treasury also acquired a smaller amount of 15-year fixed-rate mortgage securities.
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