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Credit and housing crisis hits largest mortgage lenders Fannie Mae and Freddie Mac

The front of the Fannie Mae building is seen in Washington on July 11, 2008. As the U.S. economy continues to slip amidst the housing and credit crisis, it was reported today that the U.S. government may take over mortgage lenders Fannie Mae and Freddie Mac if their funding problems worsen. (UPI Photo/Alexis C. Glenn) .

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