2009-11-07 — housingwire.com
"Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.04 -7.14%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a “marginal†effect on prepayments within Fannie residential mortgage-backed securities (RMBS), according to market commentary by Barclays Capital (BarCap)."
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