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Fannie Mae retained portfolio contracts, while Freddie Mac's records a modest gain

Late Tuesday Fannie Mae released its monthly summary for October. For the third month in a row the retained portfolio declined by 7.3%, compared to 2.1% in September and 7.3% in August. Year-to-date, the retained portfolio is down 1.1% with an ending balance of $720.9 billion. For purposes of...

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