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Home » Store » News » GSEs Might Have to Write Down $8.6 B Tax Credits

GSEs Might Have to Write Down $8.6 B Tax Credits

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Fannie Mae and Freddie Mac are sitting on approximately $8.6 billion of low-income housing tax credits they can’t use as long as they’re losing money – and apparently can’t sell, either – and both companies are considering whether to write them down. The issue is a bit more dramatic for Fannie, which has a larger amount of tax credits, $5.2 billion worth, and a willing buyer...
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