Fannie Mae and Freddie Mac are planning to buy more of the nonperforming home loans that the mortgage giants guaranteed as an accounting change makes the move more cost-effective. Fannie and Freddie are required to buy loans that have been delinquent for 24 months or when they modify mortgages. The accounting change is prompting the companies to purchase more mortgages that are only 120 days or more past due.

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