Freddie Mac

ATTORNEY GENERAL KAMALA D. HARRIS SECURES $18 BILLION CALIFORNIA COMMITMENT FOR STRUGGLING HOMEOWNERS

 
February 9, 2012 (Los Angeles) -- Attorney General Kamala D. Harris today announced an historic commitment to California of up to $18 billion that will benefit hundreds of thousands of homeowners in the state hardest hit by the mortgage crisis. 
 
"California families will finally see substantial relief after experiencing so much pain from the mortgage crisis," said Attorney General Harris. "Hundreds of thousands of homeowners will directly benefit from this California commitment." 

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SUSAN DAVIS URGES PRESIDENT TO APPOINT HOUSING AGENCY DIRECTOR, BYPASS SENATE STONEWALLING


February 1, 2012 (Washington D.C.)--
Congresswoman Susan Davis (D-San Diego), along with 27 other members of Congress, called upon President Obama to make an immediate appointment for the Director of the Federal Housing Financial Agency (FHFA).


“Reigniting the American Dream and expanding on our nation's economic recovery is contingent on restoring the housing market to the pillar of economic strength it once was," said Rep. Davis.  “We need a director in place at FHFA who can guide that effort and help middle class families avoid foreclosures and keep them in their homes.”

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SEC CHARGES FORMER FANNIE MAE AND FREDDIE MAC EXECUTIVES WITH SECURITIES FRAUD


 “All individuals, regardless of their rank or position, will be held accountable for perpetuating half-truths or misrepresentations about matters materially important to the interest of our country's investors." -- Robert Khuzami, Director, SEC Enforcement Division

 

December 18, 2011 (Washington D.C.) --The U.S. Securities and Exchange Commission has 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. 


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FEDERAL GOVERNMENT SUES BIG BANKS TO RECOVER TAXPAYER LOSSES RE: FANNIE MAE & FREDDIE MAC


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