From the New York Times: "As a result, the banking industry has taken pre-emptive measures to help borrowers. The best example is an initiative, announced this month, to help those who took out loans backed by Fannie Mae and Freddie Mac, the government-owned companies that buy conventional mortgages from a wide swath of lenders. The companies’ loans make up about 58 percent of single-family mortgages nationwide."
You can access the full article here: http://www.nytimes.com/2008/11/30/realestate/30mort.html?partner=rss&emc=rss&pagewanted=all
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