Latest news on Freddie Mac

Fannie Mae: seeking security

A recent report from the US financial watchdog, the Securities & Exchange Commission (SEC), found that Fannie Mae had violated the US accounting standards between 2001 and 2004. The problems that have beset both Fannie Mae and Freddie Mac in recent years have raised concerns about the structural wellbeing of the securitized US mortgage system.
21 Dec 2004, 11:07 GMT