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Monday, October 24, 2011

'Mortgage-Backed Securities Plunge As Refinance Plan Emerges'

full article not available...........from wsj.........

"Mortgage-backed securities issued by Fannie Mae (FNMA) and Freddie Mac (FMCC) plummeted in price on Monday after the top housing regulator surprised investors by expanding an existing refinancing program to more borrowers and removing a key hurdle that has kept banks from approving new loans"............READ MORE

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