National

SEC Charges Former Fannie Mae and Freddie Mac Executives with Securities Fraud

 Companies Agree to Cooperate in SEC Actions 

Proud member of LION Publishers

Washington, D.C.–(ENEWSPF)–Dec. 16, 2011 — The Securities and Exchange Commission today charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans.

Most read stories this week

Take a Survey

ARCHIVES