Freddie Mac gets new boss as overseer slaps down fine

12 Dec 2003

The Office of Federal Housing Entreprise Oversight (OFHEO), which regulates Freddie Mac, this week published its report into the mortgage agency’s $5bn mis-statement of earnings.

Freddie has agreed to a $125m fine levied by OFHEO and a series of actions it recommends to improve the agency’s corporate governance — but Freddie does not ...

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