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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (15903)1/14/2004 6:36:29 PM
From: Les HRead Replies (1) of 306849
 
Lenders that are forced to buy back mortgages sold to Fannie Mae (FNM, news) may have to take a charge because they may have already booked the sale. What's more, in the case of banks, they will also have to hold more reserves than expected to cover possible losses on those mortgages.

quicken.com
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