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Fannie Picks up $57 Billion of Refinanced Loans 

Jun 30, 2009By

Mortgage giant and government-sponsored enterprise Fannie Mae [stock FNM][/stock] in May took on more refinanced mortgages as part of a federal program, raising its refi volume to $57bn, as its delinquency rate rose to more than double the year-ago level. In April, the GSE began accepting refinanced mortgage originations under the Making Home Affordable Program (MHA Program).

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