Freddie cuts potential-loss fund as housing rises

Freddie cuts potential-loss fund as housing rises
Federally controlled mortgage buyer Freddie Mac reduced its funds reserved to cover potential losses on bad loans, thanks to a strengthening housing market and higher home prices, according to first-quarter financial results filed Wednesday. Freddie …
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Adams man pleads guilty to bank fraud, money laundering
The loss to Community Bank was almost the entire $ 1.8 million amount of the loan, Assistant U.S. Attorney Brendan Conway told Judge Cercone. Rich Lord: rlord@post-gazette.com, 412-263-1542 or Twitter @richelord. First Published June 5, 2013 2:46 pm …
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