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Home » Store » News » Guarantee Business Caused Most GSE Losses

Guarantee Business Caused Most GSE Losses

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The single-family credit guarantee business of Fannie Mae and Freddie Mac was responsible for 73 percent of the $226 billion loss of capital the GSEs suffered from the end of 2007 through the second quarter of 2010, according to the Federal Housing Finance Agency’s first conservator’s report on the companies’ financial condition. “Credit-related expenses have been...
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