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Loan Modification
: Mortgage Lender Implode-o-MeterFreddie?s Mortgage Portfolio Contracts
By Implode-Explode Heavy Industries
Even as the Obama Administration?s Making Home Affordable initiatives began taking effect, one of the government-sponsored mortgage giants saw its April portfolio shrink from year-ago levels as its monthly purchases and issuance fell 32.5%.
Government-sponsored enterprise (GSE) Freddie Mac (FRE: 0.7802 +0.03%) saw its mortgage portfolio decrease at an annualized rate of 8.1% in April, according to the monthly volume summary released today.
Full post as published by Mortgage Lender Implode-o-Meter on May 29, 2009 (boomark / email).
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