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By Alan Zibel
Four U.S. House Democrats are raising questions about whether taxpayers are getting enough compensation for bad loans sold to Fannie Mae (FNMA) and Freddie Mac (FMCC).
The two government-controlled mortgage companies have recovered $3.3 billion for taxpayers by reaching settlements in recent weeks with Bank of America Corp. (BAC) and Ally Financial Inc.
by Andrew Dalton
Authorities have asked the FBI to examine the remains of a bipolar California woman found in Malibu Canyon nearly a year after she disappeared when she was released from jail.
Taxpayers may have been shortchanged after a deal between failed mortgagegiants Freddie Mac and Fannie Mae settled loan disputes with Bank of America Corp. for $2.8 billion rather than demanding more funds, Representative Maxine Waters (D-CA) said.
By Hugh Son
Freddie Mac and Fannie Mae may have shortchanged taxpayers when the U.S.-owned firms settled loan disputes with Bank of America Corp. for $2.8 billion rather than demanding more funds, Representative Maxine Waters said.