A former CEO and two former top executives at mortgage giant Freddie Mac have settled a government lawsuit. They were accused of understating the amounts of high-risk mortgages that Freddie held just before the housing bubble burst in 2007.
April 16, 2015 at 12:00 AM
1 minute read
A former CEO and two former top executives at mortgage giant Freddie Mac have settled a government lawsuit. They were accused of understating the amounts of high-risk mortgages that Freddie held just before the housing bubble burst in 2007.
The Securities and Exchange Commission announced the settlement late Tuesday with former Freddie CEO Richard Syron; Patricia Cook, an executive vice president and chief business officer; and Donald Bisenius, a senior vice president.
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