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Home » Store » News » Fannie, Freddie Credit Outlook Remains Tough: S&P

Fannie, Freddie Credit Outlook Remains Tough: S&P

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Fannie Mae and Freddie Mac are likely to experience substantial additional credit losses for at least the next three years, in large part because mortgage modification efforts may just be delaying the inevitable, according to a new report by Standard & Poor’s Rating Services. During 2008 and 2009, Fannie and Freddie were aggressive in beefing up their reserves for expected...
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