Federal regulator turned tough after Freddie Mac scandal Premium Content

Report details OFHEO's efforts to pursue Fannie Mae

Inman News®

A publicly released report that is no longer readily available alleges the federal regulator overseeing mortgage giants Fannie Mae and Freddie Mac resolved to become more aggressive in investigating accounting practices after failing to uncover irregularities at Freddie Mac.

The report by the Department of Housing and Urban Development's inspector general said the Office of Federal Housing Enterprise Oversight launched a strategy of negative publicity about the companies after lawmakers questioned the regulator's effectiveness.

Freddie Mac rattled investors last year with a

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