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IOs Were the GSEs’ Alternative Mortgage Product of Choice as 2008 Came to a Close
Interest-only mortgages dominated sales of alternative mortgages to Fannie Mae and Freddie Mac in November 2008 in a trend that looks to continue this year. According to the Inside Mortgage Finance MBS Database, the government-sponsored enterprises pooled $1.52 billion of interest-only mortgages, jumbo mortgages and 40-year mortgages in... [Includes one chart and one graph]
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