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...Alternatively, there is what Fannie Mae economists last year described as “the coming exodus of older homeowners”....
...Modern ABS originated in the US mortgage market in the 1970s when the government, through its agency known as Ginnie Mae, guaranteed the first mortgage securities that passed through the mortgage principal...
...The Fed has said it will purchase both mortgage-backed securities issued by the government-sponsored enterprises Fannie Mae and Freddie Mac along with government debt until there is a sustained improvement...
...Claire Robinson, a managing director in the structured finance business at Moody’s, said: “Post-financial crisis, the environment has changed....
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