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Freddie Neglected $4.6 Billion Chance to Seize Assets

Freddie Mac failed to go after foreclosed homeowners who owed more than $4.6 billion on their government-guaranteed loans, passing up the chance to seize second homes and cars from people who defaulted on their mortgage payments.

via Freddie Neglected $4.6 Billion Chance to Seize Assets – Bloomberg.

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