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Wednesday, 25 May 2016

UBS $885 mln payout is big win for FHFA's DeMarco

Regulator rising

Among the most reviled regulators inside the beltway, Fannie Mae and Freddie Mac overseer Edward DeMarco merits Washington’s respect. One of the 18 suits filed under his watch against lenders who sold the agencies dodgy mortgages hit pay dirt. And there’s probably more to come.

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