Fannie, Freddie to Step Up Purchases of Troubled Mortgage Bonds (Bloomberg)

March 22nd, 2009 | by DebtFree.net |

Oct. 13 (Bloomberg) — Fannie Mae and Freddie Mac are ready to start purchasing $40 billion a month of underperforming mortgage bonds as the U.S. government expands its options to remove troubled assets from the slumping financial markets, according to three people briefed about the plan.
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