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Fed Moves Will Shape GSEs' Future

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The mortgage market could lose vital support from Fannie Mae and Freddie Mac early next year if the Federal Reserve Board goes forward with plans to stop buying GSE securities ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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