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Fannie, Freddie Should Recognize Bad Loan Costs Immediately

5 years ago8 views

wochit

Wochit

Fannie Mae and Freddie Mac are masking billions of dollars losses because of the level of delinquent home loans they carry, a federal watchdog said in an internal report, recommending companies should be required immediately to recognize the costs of some bad mortgages. As the moment the companies have up to two years.

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