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August 26, 2014

FHFA IG Places Blame for TBW Scandal on Regulators, Counterparties, Investors

By Paul Muolo

The FHFA IG claims a Fannie Mae executive back in 2000 discovered that TBW had pledged the same collateral – mortgages – to both Fannie and another company. But then Fannie took no action until two years later.

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