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Real Estate & Property Law
: Housing WireFannie?s Serious Delinquencies Nears 5% in November
By JON PRIOR
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After mortgage giant Freddie Mac (FRE: 1.39 -7.33%) reported a 13% drop in mortgage purchases in November, Fannie Mae (FNM: 1.16 -7.20%) shows its book of business declined at an annualized rate of 6.7% in the same month, according to its monthly summary.
The performance of Fannie?s mortgages continue to deteriorate. The single-family serious delinquency rate [...]Full post as published by Housing Wire on December 30, 2009 (boomark / email).
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