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borrowing power |
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Fannie Mae used its borrowing power to buy up mortgages and hold them, making a profit from the difference between the low price it paid to borrow the money and the higher interest rate it received on the mortgage. When this fire burns out of control, it will be your unencumbered assets that keep you in charge at your banker's table because your borrowing power will be reduced to ashes By increasing borrowing power, the EEM allows homeowners to fold the costs of energy efficiency into the total mortgage amount. |
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