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January 30, 2012

Report: Freddie Mac Bet Against American Homeowners 
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An investigation by Pro Publica and NPR News has revealed Freddie Mac,
the taxpayer-owned mortgage giant, has placed multi-billion-dollar bets
that pay off if homeowners stay trapped in expensive mortgages with
interest rates well above current rates. Freddie began increasing these
bets dramatically in late 2010, the same time that the company was
making it harder for homeowners to get out of such high-interest
mortgages.



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