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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (126019)	3/10/2012 9:10:18 PM
From: lorne	2 Recommendations Respond to of 224756

..."Giant mortgage investor Freddie Mac began buying sharia-compliant mortgages in 2001. Freddie Mac today continues to buy from four banks that together originate mortgages nationwide. In addition to Devon, Freddie Mac buys mortgages from Guidance Residential in Reston, Va.; University Bank in Ann Arbor, Mich.; and American Finance House Lariba in Pasadena, Calif. Freddie Mac spokesman Brad German says the company bought more than $250 million in Islamic mortgages in 2007, but volume is slipping as the housing market declines. The mortgages are "a steady, if modest, niche," German says.".... Full article....http://www.usatoday.com/money/industries/banking/2008-03-26-islamic-finance-sharia_N.htm