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(Image from article: "N.Y. probes 8 banks on mortgage security ratings")

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Federal Housing Finance Agency sues 17 banks over mortgage bonds

The U.S. regulator for Fannie Mae and Freddie Mac accuses the banks of negligence in misrepresenting the risks embedded in the securities sold to the home-finance giants.

N.Y. probes 8 banks on mortgage security ratings

The New York attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to a person familiar with the investigation.

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