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Fannie approves WaMu for DUS

Fannie Mae has reached an agreement with west-coast bank Washington Mutual, allowing the thrift to do multifamily securitizations of Fannie Mae product upwards of $2.5 million through its "Delegated Underwriting and Servicing" (DUS) program without pre-approval from the GSE.

According to sources, this will mark the first time that...

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