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Reuters: Mortgage lenders to pump $200 billion into markets

Started by chris, March 19, 2008, 06:01:05 PM

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chris

Mortgage lenders to pump $200 billion into markets
      


WASHINGTON (Reuters) - The two largest U.S. mortgage finance companies on Wednesday won approval to pump up to $200 billion into the distressed U.S. mortgage market, the latest step in government efforts to ward off a credit crunch.
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