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March 23, 2008

US regulatory shift adds 200 billion dlrs to mortgage market (AFP)

Filed under: FInancial — Admin @ 5:04 am

A property for developement for sale in southern California. US regulators have announced a plan to allow government-sponsored mortgage firms Fannie Mae and Freddie Mac to pump an extra 200 billion dollars into the troubled housing market.(AFP/File/Robyn Beck)AFP - US regulators announced a plan Wednesday to allow government-sponsored mortgage firms Fannie Mae and Freddie Mac to pump an extra 200 billion dollars into the troubled housing market.

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