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They reported that the Federal Housing Finance approved an substantial increase in the authorized mortgage financing program being offered by one of the twelve Federal Home Loan Banks. The program provides the first real competition for Fannie Mae and Freddie Mac who oppose it. The Board also made it clear that other banks could offer the program which the Board feels will help homebuyers. Main - Columbus Ohio bad credit mortgage lender company home loan MLS Buy Low Cost Toys Store Christmas
Lenders reported that insured commercial banks reported a first quarter earnings record of $15.9 billion, an increase of 10.1 percent over year-earlier results.
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