Democrats Want Fannie, Freddie to Buy Subprime Loans (Update2) (Bloomberg.com)

Story date: 2007-10-03 01:34:38
Added on: 2007-10-03 14:00:17

Oct. 3 (Bloomberg) -- Fannie Mae and Freddie Mac, the largest U.S. mortgage-finance companies, would be allowed to expand their $1.5 trillion mortgage portfolio to buy subprime loans under a Democratic plan to help struggling borrowers.


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