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» Fannie Mae’s New Business, Earnings Growth Curtailed by Market Moving toward ARMs
Fannie Mae’s New Business, Earnings Growth Curtailed by Market Moving toward ARMs
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The resurgent popularity of adjustable-rate mortgages and various niche products took its toll on Fannie Mae earnings during the second quarter of the year, despite an up-tick in total volume that followed a very sluggish start to 2004.