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U.S. Department of Housing and Urban Development The GSEs Funding of Affordable Loans: A 2004-05 Update ABSTRACT This study compares the borrower and neighborhood characteristics of single-family mortgages purchased by Fannie Mae and Freddie Mac between 1999 and 2005 with the characteristics of loans originated in the primary market during the same period. This study documents the recent improvement under HUD s Affordable Housing Goals that Fannie Mae and Freddie Mac have made in purcha.
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