Fannie Mae details Alt-A, subprime investments 

Mortgage repurchaser Fannie Mae has purchased or guaranteed $310 billion in Alt-A loans, or 12 percent of the company's single-family mortgage book of business, the company said in releasing its 2006 results.

Alt-A loans are those with reduced documentation requirements or other features that make them riskier than prime loans, but which have performed better than subprime loans.

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