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Bad Loan Reviews May Have Cost Freddie Big In BofA Deal

By Lisa Uhlman (September 27, 2011, 6:16 PM EDT) -- The Federal Housing Finance Agency failed to act on reported flaws in Freddie Mac's loan review process that may have let Bank of America Corp. avoid paying for billions of dollars in mortgage repurchase claims as part of a $1.35 billion settlement, an agency watchdog said Tuesday....

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