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News: Are Freddie And Fannie Insolvent?
Fannie Mae seeks $15B more in government aid after 3Q loss:
The government-controlled company continued to see a dramatic surge of borrowers fall behind as the unemployment rate climbs. At the end of last month, about 4.7% of Fannie Mae's borrowers had missed at least three payments. That's nearly triple last year's level. Ref. Source 3
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