Report: Fannie Says IndyMac Has $1B in Mortgage Obligations

January 1, 2009

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Fannie Mae, the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie’s standards, the Wall Street Journal said, citing people familiar with the situation.

*For more on this story,

read the full Reuters article.

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Report: Fannie Says IndyMac Has $1B in Mortgage Obligations

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