March 07, 2013 at 15:54 PM EST
Bailed-Out Insurer AIG Launches New Home Loan Investing Unit
American International Group is entering the business of investing in home mortgages, just days after government control was completely removed from the bailed-out insurer. AIG's (AIG) is launching a new division called Connective Mortgage Advisory Co., it said Wednesday. This comes as the housing market recovers and the government steps up efforts to shrink its role in the mortgage finance system. The federal regulator that oversees Fannie Mae
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