Credit expenses of Fannie, Freddie differ greatly

05/14/2009 | Wall Street Journal, The

A look at Fannie Mae's and Freddie Mac's finances in the first quarter reveals diverging credit numbers. Fannie's credit expense was $20.9 billion, and Freddie's was $9.1 billion. While there are some explanations, the figures indicate that Freddie may have been better at lending than Fannie. With such similar business practices, that seems a stretch, making the figures a mystery.

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