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IPFS News Link • Housing

Fannie Freddie Delinquencies Soar (and they are going to get much worse)

04-23-2009 • Michael Shedlock / Mish

Fannie Mae and Freddie Mac mortgage delinquencies among the most creditworthy homeowners rose 50 percent in a month as borrowers said drops in income or too much debt caused them to fall behind, according to data from federal regulators.

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