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Mortgage giants cut deal with US Treasury to cover expected losses

Fannie, Freddie allowed to retain US$3 billion capital cushion

Washington

FANNIE Mae and Freddie Mac, the government-controlled mortgage finance giants rescued during the financial crisis, reached a deal with the US Department of the Treasury on Thursday.

The deal allows them to keep some of their profits as they brace for losses that will be...

sentifi.com

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