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October 24, 2012 at 13:43 PM EDT
U.S. sues B. of A. for $1 bln over mortgage fraud
Feds allege the second-biggest U.S. bank by assets saddled taxpayers with losses by misrepresenting the quality of home loans it sold to mortgage-finance firms Fannie Mae and Freddie Mac.
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Bank of America
Federal Home Loan Mortgage Corporation
Federal National Mortgage Association
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