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Insight: Fannie Mae, Freddie Mac clamping down on banks

Insight: Fannie Mae, Freddie Mac clamping down on banks (Reuters) – Government-owned Fannie Mae and Freddie Mac are improving efforts to locate bad mortgage loans from them, providing an increasingly bigger headache to banks that they can force mortgage lenders to buy back. The government-controlled organizations are squabbling with banking institutions over whom should keep …

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