Freddie Mac - A Look At The Numbers
Thursday, July 31st, 2008The collapse of the mortgage market has hammered mortgage giants Fannie Mae and Freddie Mac, both of which are in line for big federal bailouts. Here’s a snapshot of Freddie Mac’s mortgage business in Maine. (Fannie Mae does not break down its numbers by state.)
In 2006, Freddie Mac…
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Invested $1.7 billion in home loans in Maine
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Secured home loans for 11,751 Maine families
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Financed loans for 5,422 low- and moderate-income Maine families
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Helped 137 Maine families avoid foreclosure
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Funded residential loans with an average mortgage of $144,752
Source: Freddie Mac; (2006 was the most recent data available)
