Freddie Mac, which has long been the "little brother" to "big sister" Fannie Mae, bought more loans than its crosstown competitor during April, the first time it has out-purchased Fannie in about a decade.During the month, Freddie acquired $48.5 billion in mortgages to Fannie's $45.2 billion. Historically, Fannie Mae's purchases are $10 billion to $25 billion greater than Freddie's each month, but in the wake of Fannie's $12 billion accounting scandal, Fannie has been losing market share and Freddie has been closing the gap. Seller/servicers say Freddie Mac is gearing up to aggressively purchase interest-only mortgages, a product that Fannie Mae, so far, has ignored. Even though Freddie out-purchased Fannie in April, so far this year Fannie has acquired $175.7 billion to Freddie's $159.9 billion, a difference of $15.8 billion. Freddie Mac can be found on the Web at http:///www.freddiemac.com, and Fannie Mae can be found at http://www.fanniemae.com.

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