Fannie Sets New Purchase Record

Fannie Mae acquired a record $145.6 billion in mortgages during September, a reflection of the strong refinancing and home purchase market of the past summer.However, its retained purchase volume -- a barometer of future activity -- fell to $27.9 billion during the month, the second-lowest reading over the past 12 months. Compared with those of the same month a year ago, Fannie's loan acquisitions rose by 86%. The mortgage giant also reached another milestone during the month: its on-balance-sheet holdings of mortgages cracked the $900 billion mark. Fannie Mae can be found online at http://www.fanniemae.com.

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