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News You Can Use


Keep up with the latest mortgage industry news with these informative links:


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I read, sort and filter through all the mortgage critical material published daily, so you don't have to - must read posts are below...


GSEs' Delinquency Buybacks

The nation's two largest mortgage financiers have been stuck in the red for some time, and they regularly require cash draws from the Treasury to stay afloat. The GSEs' recent announcements to buy back some $200 billion in seriously delinquent loans from mortgage-backed securities holders over the next few months mean they'll have to come up with some extra cash fast. Analysts at Barclays Capital estimate that Freddie Mac will need to sell off $10 billion to $20 billion of its debt to fund the purchases, while Fannie Mae will need to raise about $60 billion.

 By: Carrie Bay - DSNews.com - 02/17/2010

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