Fannie, Freddie are expected to issue debt to finance loan purchases

02/15/2010 | Wall Street Journal, The

Fannie Mae and Freddie Mac recently announced a plan to purchase almost $200 billion in delinquent loans held in mortgage-backed securities that they guarantee. The mortgage giants are expected to issue additional debt to finance the loan buybacks. Barclays Capital analysts expect that Freddie needs $20 billion or less, while Fannie is expected to need to raise about $60 billion.

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