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The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.

U.S. covering millions in Fannie Mae executives legal costs
Federal regulators have authorized nearly $100 million in payments to cover the legal costs of three former Fannie Mae executives, including more than $37 million since the government seized the firms more than three years ago, a watchdog said Tuesday. Read full article >>