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Released: June 22, 2011
Oversight group did not refer housing complaints
Source: Gretchen Morgenson, NY Times (Free Registration)
The federal agency overseeing Fannie Mae and Freddie Mac, the taxpayer-owned mortgage finance giants, failed to refer to criminal investigators and other authorities almost 100 complaints about possible foreclosure abuse and mortgage fraud at the companies over a recent two-year period, according to a report issued late Tuesday by the inspector general of the Federal Housing Finance Agency. While the report did not determine whether these and other complaints had merit, it said that the agency’s unresponsiveness to them was problematic.Read Full Article: Oversight group did not refer housing complaints
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