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Freddie Mac to Start Sales of Non-Agency Mortgage Bonds

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Freddie Mac, the government-controlled mortgage financier that’s returned to profitability after requiring a taxpayer-funded rescue during the credit crisis, plans to start selling home-loan bonds without U.S. backing from its holdings as rising property prices help boost their value, Bloomberg News reported yesterday. Freddie Mac is offering $1 billion of non-agency securities from its $121.5 billion portfolio this month, Freddie Mac said. The McLean, Va.-based company expects to sell another $1 billion in June and may offer as much as $5 billion in all this year.