November 21, 2007

Freddie Mac sued over mortgage problems (Reuters)

The headquarters of Freddie Mac in McLean, Virginia, June 12, 2003. A law firm said it had filed a suit against Freddie Mac on Wednesday alleging the No. 2 home funding company did not take adequate steps to protect itself from problems in the mortgage industry. (William Philpott/Reuters)Reuters – A shareholder sued Freddie Mac , its
chief executive and others on Wednesday, alleging the No. 2
U.S. home funding company did not take adequate steps to
protect itself from problems in the mortgage industry.

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