The Treasury Department has sold the last portion of $225 billion in mortgage-backed securities purchased primarily from Fannie Mae and Freddie Mac when the financial crisis was at its worst in 2008 and 2009.
Sales of the securities for $250 billion last week netted the government $25 billion in interest, Treasury reported Monday.
Some financial experts said the profit realized could be a sign that efforts to stabilize the mortgage market might not be as expensive as had been predicted in fall 2008. The government began selling its securities a year ago, after determining that market conditions were improving.
Treasury originally intervened in October 2008, with the government authorized to purchase up to $700 billion of "illiquid," primarily subprime, loans extended to buyers whose credit was poor or who could not verify their income.