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Fannie, Freddie plan mortgage program

China Daily | Updated: 2008-11-12 08:07

Fannie, Freddie plan mortgage program

News about Fannie Mae and Freddie Mac scrolls along the Dow Jones ticker in Times Square in New York. Bloomberg News

Fannie Mae, Freddie Mac and housing industry officials plan a new mortgage modification program designed to cut payments for hundreds of thousands of homeowners facing foreclosure, according to people briefed on the matter.

Fannie, Freddie plan mortgage program

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