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GSE's Take 70% of Loans.(Brief Article)
Fannie Mae and Freddie Mac, which last week were criticized by the nation's central banker as being too big to fail, bought seven out of every 10 conventional loans originated last year, according to figures compiled by National Mortgage News, a sister newspaper to MSN.
An analysis of production figures and loan purchases by the two mortgage giants also revealed that overall the GSEs, combined, bought 57.4% of all home mortgages funded last year.
By comparison, in ...
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