SEC, GSE Said Close To Subprime Settlement

09 Sep 2011

The U.S. Securities and Exchange Commission is said to be close to a settlement with Fannie Mae and Freddie Mac over whether the government-sponsored enterprises adequately disclosed their exposure to subprime loans.

The U.S. Securities and Exchange Commission is said to be close to a settlement with Fannie Mae and Freddie Mac over whether the government-sponsored enterprises adequately disclosed their exposure to subprime loans. Sources said the proposed settlement, which would conclude a three-year SEC investigation, would not involve a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial