Inspector General Looks at GSE's as Legal Costs Pass $100 Million
(Mortgage News Daily) - 2 months, 4 weeks ago
Posted To: MND NewsWireBoth before and after they were placed into conservatorship the two government sponsored enterprises Fannie Mae and Freddie Mac (the Enterprises) spent large amounts of money to defend themselves and former senior executives in class action lawsuits and other legal matters. For example, in cases arising out of alleged accounting malpractices in the 2004 to 2006 period, Fannie Mae has advanced $99.4 million for the legal defense of three of its former senior executives. Fur...
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