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FHFA Can't Stave Off $12B Fannie Mae Fraud MDL

By Kaitlin Ugolik ( November 14, 2011, 4:58 PM EST) -- The Federal Housing Finance Agency, conservator of Fannie Mae, lost a bid on Monday to stay multidistrict shareholder litigation accusing the mortgage lending giant of overstating its profits by about $12 billion between 2001 and 2004....

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