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10/17/09
GSEs Testing Program to Aid Independent Mortgage Bankers
Filed under: General, Mortgages
Posted by: Lillian Wong @ 1:17 pm

According to information published in The Wall Street Journal, Freddie Mac and Fannie Mae are preparing to step up and help some of their affiliates in the current credit crunch.

 

The two government sponsored enterprises (GSEs) are rumoured to be test-driving a program to make it easier for independent mortgage banks to acquire the short-term funding needed to make home loans.  more…



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