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Why Freddie Mac Resisted Refis

Written by Jesse Eisinger Freddie officials wanted to protect the company’s bottom line and some sought to nix a backdoor economic stimulus. The consequence: Homeowners stayed trapped in high-rate loans. (Win McNamee/Getty Images) Freddie Mac,…

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‘Free Checking’ Costs More

So-called free checking accounts are more expensive than ever, as the lumbering economy and new regulations squeeze bank revenues. To avoid a monthly fee, bank customers in the U.S. must keep an average minimum balance…