Industry News

Regulator: Former Fannie Mae execs to be named in suit

DOJ closes investigations of Fannie and Freddie, but OFHEO is not done
Published on Sep 14, 2006

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by CareyBot

Two top former Fannie Mae executives will likely be named in a lawsuit being prepared by the company’s federal regulator, the Office of Federal Housing Enterprise Oversight, over an accounting and management scandal.  OFHEO director James Lockhart said Fannie Mae’s ...