February 14, 2020By Dennis HollierLawsuit Reveals FHLB-SF Scheme to Buy Freddie MacAccording to court filings, beginning in 2016, the FHLB-SF developed a proposal for the bank to purchase one of the GSEs. To assist in the process, the bank also engaged the services of McKinsey Consulting.
February 14, 2020By Dennis HollierMassachusetts Couple Plead Guilty to Swindling FreddieA Massachusetts couple pleaded guilty to mail fraud, identity theft and tax evasion in connection to a scheme to defraud Freddie Mac.
January 31, 2020By Dennis HollierFormer Fannie Employee Gets Six Years for BriberyA federal court sentenced Shirene Hernandez, a former Fannie Mae sales representative, to more than six years in prison for bribery.