Washington Mutual said Thursday that it will sell most of its fixed-rate conforming mortgage loans to Fannie Mae.

The thrift company is the latest major lender to ink such a pact with either Fannie Mae or Freddie Mac. Norwest Mortgage earlier this year agreed to sell most of its loans to Freddie Mac, triggering a series of deals that are changing the way secondary market share is divided. Previously, lenders decided between Fannie and Freddie as loans were made.

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