Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: 200ma who wrote (86902)	3/28/2001 2:49:13 PM
From: Ilaine	of 436258

Fannie Mae buys mortgages and sells securities (bills, notes and bonds). I think they are buying back securities that pay higher interest rates and selling securities that pay lower interest rates. fanniemae.com They make their money on the spread.

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