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GAO Pushes Fannie, Freddie Overseer On Mortgage Relief

By Keith Goldberg (June 29, 2012, 1:22 PM EDT) -- The federal government's top watchdog on Thursday urged the federal agency overseeing Fannie Mae and Freddie Mac to quickly decide whether to let them cut mortgage balances of underwater homeowners, touting the agency's own estimates that nearly 700,000 underwater homeowners could be eligible....

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