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2013-07-25 — winnipegfreepress.com
``The Federal Housing Finance Agency, which oversees the two government-controlled mortgage finance companies, announced the settlement Thursday. The agency had sued UBS and 17 other major banks over their sales to Fannie and Freddie of about $196 billion in mortgage securities that soured when the housing market collapsed in 2007.
UBS will pay about $415 million to Fannie and $470 million to Freddie.''
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