Fannie Mae and Freddie Mac plan to buy back soured loans
The government-controlled mortgage giants Fannie Mae and Freddie Mac said they would buy back troubled loans backing securities sold to investors.
The firms are buying loans with at least four months of missed payments. At the end of last year, Fannie Mae, of the District, had about $127 billion in such loans, while Freddie Mac, of McLean, had about $70 billion.
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