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Fannie, Freddie making risky deals with small lenders: watchdog
Reuters: U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.
The government-owned companies do not lend money directly, but underpin the U.S. housing market by guaranteeing most new mortgages in the country.
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