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Monday, February 27, 2012

''California asks for Fannie Mae, Freddie Mac foreclosure hiatus''

"California’s attorney general has asked for a suspension of foreclosures on loans controlled by Fannie Mae and Freddie Mac.
Atty. Gen. Kamala D. Harris in a letter asked the regulator of the government-controlled mortgage titans to halt foreclosures in California until the agency has completed a “thorough, transparent analysis of whether principal reduction is in the best interests of struggling homeowners as well as taxpayers.”

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