The Chemical Bank-Chase Manhattan merger is proving to be a boon to Fannie Mae. The combined company sold $6.8 billion of mortgages to Fannie Mae through September - $2.7 billion more than the partners sold it all of last year.

Last year the two banking companies sold 56% of their conventional loans to Fannie Mae, formally the Federal National Mortgage Association, and 43% to Freddie Mac, the Federal Home Loan Mortgage Corp. This year through last month the new Chase sold 68% to Fannie Mae and 32% to Freddie Mac.

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