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Some of the more than 20 credit unions that suffered losses when a vendor executive fraudulently sold mortgages written to Fannie Mae have made progress in getting at least some of their money and mortgages back.

According to sources who spoke requesting anonymity, citing a confidentiality agreement, Fannie Mae, CUNA Mutual Insurance and the ad-hoc committee of 17 credit unions that formed to address the issue met in New York City over May 5-7. The parties each contributed to the cost of hiring a mediator and agreed on a mediation firm to help them handle their disagreements surrounding the issue.

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