Friday 18th of May 2012
| Fannie Mae, Freddie Mac Sued by California Attorney General |
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Joel Rosenblatt and Karen Gullo write December 21 in Bloomberg News: Fannie Mae (FNMA) and Freddie Mac were accused in a lawsuit by California Attorney General Kamala Harris of hindering her probe into mortgage lending and foreclosure practices. Harris wants to know if drug dealing and prostitution occur in foreclosed homes owned by the companies, whether taxes are being paid on those houses, and whether military families have been illegally evicted by loan servicers, according to the two lawsuits filed yesterday in state court in San Francisco. |
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