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Released: November 17, 2011
California attorney general subpoenas Fannie, Freddie
Source: Alejandro Lazo & Jim Puzzanghera, L.A.Times (Free Registration)
Investigators with the California attorney general’s office have subpoenaed information from mortgage titans Fannie Mae and Freddie Mac as part of a wide-ranging inquiry into lending and foreclosure practices in the state.
The subpoenas ask the government-controlled finance companies to answer a series of questions about their activities in California, including their roles as landlords who own thousands of foreclosed properties. The attorney general’s office is also seeking details of Fannie and Freddie’s mortgage-servicing and home-repossession practices, according to a person familiar with the matter.
Read Full Article: California attorney general subpoenas Fannie, Freddie
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