Fannie Mae and Freddie Mac purchased nearly $267 billion in nonperforming loans out of MBS pools during the first half of the year, a figure that — potentially — could lead to massive foreclosures down the road if the GSEs cannot rework these problem loans.

The acquisition of these nonperformers from MBS trusts was a record—by far—and it appears both companies, for now, are winding down their repurchases.

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