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Home » Store » News » OFHEO Hits Former Freddie Execs for $36M

OFHEO Hits Former Freddie Execs for $36M

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Anxious to show the world it can be a tough GSE regulator, the Office of Federal Housing Enterprise Oversight is looking to slap two former Freddie Mac executives with more than $36 million in forfeit compensation and penalties. In papers filed Dec. 17, OFHEO directed Freddie to reclassify the “voluntary” departure of former Chairman and CEO Leland Brendsel and former CFO Vaughn Clarke as firings for their alleged roles in manipulating the company’s earnings
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