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FHFA: Freddie, Fannie Missed Opportunities on Mortgage Reviews
October 3rd, 2011 9:41 PM

A Sept. 27 report from the inspector general for the Federal Housing Finance Agency accused Freddie Mac of missing opportunities to recover billions in claims over defaulted mortgages, and suggested that a $1.3 billion settlement with Bank of America over bad-loan claims was inadequate, The Wall Street Journal reported.


In its report, the inspector general suggested that Freddie hadn't been aggressive enough in reviewing loans and alleged that the government-sponsored enterprise had been lax in order to preserve business relationships with top customers like Bank of America.

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Posted by Stephen Rochkind, SRA on October 3rd, 2011 9:41 PMPost a Comment

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