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September 22, 2017  

Freddie Snapping Up Small Loans

Freddie Mac’s three-year-old program for small-balance apartment loans continues to grow.The agency has purchased $4.1 billion of mortgages via the program so far this year, already eclipsing the $3.7 billion record set last year.Stephen Johnson, vice president of Freddie’s small-balance loan business, said the growth has been spurred by a strong economy, Freddie’s stable of 11 approved lenders and, most importantly, its...

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