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Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea.
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Spotting a con artist isn't usually this easy. Allen Stanford was recently sentenced to 110 years in a $7-billion fraud, but a new book suggests the Ponzi business continues to thrive.
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