WASHINGTON — The U.S Attorney in New York has sent federal grand jury subpoenas to Fannie Mae and Freddie Mac. The mortgage finance companies have been asked to preserve documents dealing with accounting, disclosure and corporate governance from Jan. 1, 2007 until the present.
The SEC's enforcement division is also conducting an inquiry and has ordered both GSEs to preserve documents.
Fannie and Freddie said they will cooperate fully with the investigations.
Recommended For You
Several years ago, both GSEs had to restate earnings after federal regulators discovered accounting regularities.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
