National Mortgage News reports that Freddie Mac is expanding its single-family business and taking market share from Fannie Mae.
Freddie's market share jumped to 41 percent so far, up 35 percent in 2012. During the third quarter, Freddie purchased $77 billion in single-family loans from lenders, which is an increase from $59 billion in the second quarter and $49 billion in the first. According to Freddie Mac CEO Donald Layton, in the long run, single-family should be more profitable than multifamily just because its size.
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