WASHINGTON - The Office of Federal Housing Enterprise Oversight said it is safe for Freddie Mac and within its charter to take part in a joint Internet venture - HomeAdvisor Technologies Inc. - with Microsoft Corp.

"Freddie Mac's involvement in HTI represents another permissible method for the Enterprise to deliver its secondary market services," Armando Falcon Jr., the oversight office's director, said in a letter to America's Community Bankers.

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