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Watchdog: Fannie Mae, Freddie Mac Delaying Billions in Write-offs

Resurgent bailout recipients Fannie Mae and Freddie Mac have been avoiding billions of dollars in potential long-term losses by delaying the use of new accounting measures that would require them to write off more delinquent mortgages, a government watchdog agency said in a letter released Monday.

via Fannie Mae, Freddie Mac delaying billions in write-offs: watchdog – latimes.com.

 

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