New Internal Report Highlights Cozy Relationship Between Freddie’s MBS Sales and Investment Units
November 28, 2003
An ongoing internal investigation of Freddie Mac’s accounting missteps is continuing to shed light on the apparently close relationship the government-sponsored enterprise’s investment unit has maintained with its separate mortgage securities trading department. Contained in a supplemental report released late last week by Freddie Mac is the revelation that the company’s Funding & Investments (F&I) department conspired with the Securities Sales &