Securities and Exchange Commission has charged six former Fannie Mae and Freddie Mac officials with misleading investors about risky loans
Introduction only:
Have put here in Property Market Economics, rather than Finance, mainly for it's relevance and more widespread (ongoing) repercussions..
Introduction only:
The people who were running two mortgage giants when the housing bubble burst were formally accused today of civil fraud. The Securities and Exchange Commission filed a lawsuit naming six former executives at Fannie Mae and Freddie Mac.
The six were accused of lying about how deeply Fannie and Freddie had invested in securities backed by risky home mortgages.
(Judy Woodruff)
Have put here in Property Market Economics, rather than Finance, mainly for it's relevance and more widespread (ongoing) repercussions..