Friday, December 16, 2011

Freddie Mac Reaches Agreement with SEC

MCLEAN, Va., Dec. 16, 2011 /PRNewswire/ -- Freddie Mac (FMCC.OB) announced today that the company reached an agreement with the Securities Exchange Commission (SEC) related to its investigation into the company's exposure to subprime and Alt-A mortgages. Under the agreement, the SEC will not initiate an enforcement action against Freddie Mac or require the company to pay a monetary penalty. Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to ...continued
 

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