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Reports: Fannie Mae, Freddie Mac takeover set
Fri Sep 5, 2008
In Missouri in 2000 a Republican led senate, authored a bill designed to eliminate predatory lending and "no doc" loans, that would prevent lenders from making loans on the just the word of the borrower. However, the author of the bill lost to a Democratic Party Candidate.
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Reports: Fannie Mae, Freddie Mac takeover set