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The inspector general said its latest concerns involve Fannie Mae's "haphazard" decision to fill a critical auditor position with an employee who lacked proper qualifications. (Associated Press)

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The Fannie Mae headquarters in Washington. Fannie Mae reports quarterly financial results on Friday, Feb. 20, 2015. (AP Photo/Manuel Balce Ceneta, File)

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Illustration on selling Freddie Mac and Fannie Mae by Alexander Hunter/The Washington Times

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Illustration on selling Freddie Mac and Fannie Mae by Alexander Hunter/The Washington Times

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Critics say that redacted information about Treasury Department dealings with Fannie Mae and Freddie Mac may prove embarrassing to the Obama White House. (associated press)

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**FILE** Fannie Mae's headquarters are seen in Washington on Aug. 8, 2011. (Associated Press)

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Fannie Mae

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Fannie Mae's Washington headquarters (Associated Press)

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** FILE ** Fannie Mae's headquarters are seen in Washington on Monday, Aug. 8, 2011. (AP Photo/Manuel Balce Ceneta)

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Bank of America will pay $10.3 billion to the government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the housing market crash. (Associated Press)

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Countrywide Financial Corp. is accused of loosening its standards for making loans while telling Fannie Mae and Freddie Mac, which were buying loans from Countrywide, that the standards were getting tighter. (Associated Press)

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Countrywide Financial Corp. is accused of loosening its standards for making loans while telling Fannie Mae and Freddie Mac, which were buying loans from Countrywide, that the standards were getting tighter. (Associated Press)

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Fannie Mae was able to report a quarterly gain mostly because it had lower expenses for its losses. Two key reasons for that: Home price declines have slowed and fewer mortgages are in serious delinquency. It will pay a dividend to the Treasury Department as a result. (Associated Press)

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Illustration: Fannie Mae and Freddie Mac by John Camejo for The Washington Times

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Edward DeMarco, acting director of the Federal Housing Finance Agency, says reshaping Fannie Mae and Freddie Mac requires spreading lending risks. (Associated Press)

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**FILE** Fannie Mae's headquarters are seen in Washington on Aug. 8, 2011. (Associated Press)

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ASSOCIATED PRESS UNDER SCRUTINY: Thomas E. Donilon worked as a registered lobbyist for Fannie Mae from 1999 to 2005.

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** FILE ** Mortgage giants Fannie Mae and Freddie Mac (Associated Press)