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BarCap Sees Limited Use of Fannies Deed-for-Lease Program

BarCap Sees ?Limited Use? of Fannie?s Deed-for-Lease Program Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.00 -2.91%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a ?marginal? effect on prepayments within Fannie residential mortgage-backed securities (RMBS), according to market commentary by Barclays […]

2 Feb 2010