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Putin pins housing hopes on mortgage factory
Russia is seeking to attract buyers to its 4.5 trillion ruble mortgage market to drive down borrowing costs and increase competition
Published Wed, Apr 19, 2017 · 09:50 PM
Moscow
VLADIMIR Putin is taking a page from the US housing market to boost home ownership. Call it Russia's Fannie Mae.
The government last year set up a so-called mortgage factory to help lenders bundle home loans with state backing in a one-stop shop.
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