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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.
by Zach Carter and Ryan Grim
Despite mounting evidence of big banks committing serious fraud in the foreclosure process, the U.S. Senate eliminated $35 million in legal aid to homeowners trying to keep their homes.
Multichannel News: Rep. Waters Says Diversity Conditions Should Be Incorporated In Comcast/NBCU Deal
by John Eggerton
Rep. Maxine Waters (D-Calif.) has suggested something of a distrust-but-verify approach to enforcing the memoranda of understanding Comcast has signed with Asian American, Hispanic and more recently African American groups in an effort to win approval of its deal with NBCU.