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Secondary Market

FHFA to Sub as Plaintiff for Fannie Mae Shareholders

The Federal Housing Finance Agency has taken over for Fannie Mae shareholders as the plaintiff in a lawsuit against accounting firm Deloitte & Touche accusing the company of negligent auditing practices that resulted in millions of dollars in losses to the shareholders.

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HARP-Incentivized Borrowers are Concentrated

Nearly a quarter of a billion borrowers nationwide are eligible and have an incentive to refinance through the FHFA's Home Affordable Refinance Program, which is scheduled to expire later this year. And more than half of them are located in 10 states.

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Credit Unions Weigh in on GSE Reform

The chief of the National Association of Federal Credit Unions has asked Congress to keep certain principles in mind while drafting a plan to overhaul Fannie Mae and Freddie Mac.

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