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Home » Store » News » GSEs Boost Bad Loan Buyouts from MBS Pools As Credit Expenses Skyrocket to $33 Billion

GSEs Boost Bad Loan Buyouts from MBS Pools As Credit Expenses Skyrocket to $33 Billion

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Both Fannie Mae and Freddie Mac sharply increased the volume of mortgages they repurchased from mortgage securities pools during the first quarter of 2009, as loss mitigation efforts intensified in a still weakening housing market. Fannie Mae repurchased some $2.56 billion of loans from its guaranteed mortgage-backed securities during the first three months of this year, more than...
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