Fannie Mae's Got Plans

Vadum, Matthew
June 2003
Bond Buyer;6/9/2003, Vol. 344 Issue 31652, p1
Trade Publication
Federal National Mortgage Association (FNMA) is in the process of purchasing as much as five billion dollars of both tax-exempt and taxable bonds issued by state and local housing finance agencies in 2003. That will be 500 million dollars more of municipal housing debt than it bought in 2002 and will be in addition to the approximately 20 billion dollars of state and local housing finance agency-issued bonds it already holds. FNMA and Federal Home Loan Mortgage Corp. are also two of the affordable housing industry's largest buyers of tax-exempt mortgage revenue bonds issued by state housing finance agencies.


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