Fannie Mae & Freddie Mac Preferreds

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News:

Dodd-Frank Forces Early Call in SEC Probe of Former Fannie Mae Chief Mudd

September 6, 2011

Last March the U.S. Securities and Exchange Commission told Daniel Mudd, former head of Fannie Mae, that he could face claims for his role in the firm’s collapse. He may be the first chief executive officer to benefit from a rule that regulators sue or drop such cases within six months.

Apple REIT Cos. Considering Merger of its Non-Listed Hotel REITs

August 24, 2011

Last March the U.S. Securities and Exchange Commission told Daniel Mudd, former head of Fannie Mae, that he could face claims for his role in the firm’s collapse. He may be the first chief executive officer to benefit from a rule that regulators sue or drop such cases within six months.

More SEC Trouble For Freddie Mac

February 28, 2011

The U.S. Securities and Exchange Commission appears to be deepening its investigation of Freddie Mac. The government-sponsored enterprise said Donald Bisenius, executive v.p. in charge of single-family credit guarantees, has received a Wells notice from the SEC, shortly following receipt of a notice by Anthony Piszel, the agency’s former cfo who left in 2008. While Freddie Mac’s filing with the SEC did not offer details about allegations, observers believe the notices stem from a 2008 SEC investigation into whether the agency has violated federal securities laws.

Freddie Mac Investigation: Buy, Sell or Hold?

February 25, 2011

The quasi governmental mortgage company Freddie Mac (OB: FMCC) and its big sister Fannie Mae (OB: FNMA) have been under intense Federal scrutiny since handing over full control to the government in September 2008. The SEC has been looking closely at their accounting practices searching for evidence of corporate fraud. Now things are heating up on Freddie Mac in a big way.

SEC Probe of Freddie Mac Deepens

February 25, 2011

A top Freddie Mac executive received a Wells notice from the Securities and Exchange Commission, the company said on Thursday, a sign that the SEC has deepened its investigation into the mortgage-finance giant.

How Fannie And Freddie Unloaded Their Trash

July 7, 2010

Due to misconceptions and public ignorance, Main Street was polluted by some of Wall Street's garbage.