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Violation Tracker Individual Record

Company: Federal Home Loan Mortgage Corporation (Freddie Mac)
Current Parent CompanyFreddie Mac (Federal Home Loan Mortgage Corporation)
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $50,000,000
Year: 2007
Date: September 27, 2007
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Federal Home Loan Mortgage Corporation (Freddie Mac) agreed to pay $50 million to settle allegations of securities fraud in connection with improper earnings management beginning as early as 1998 and lasting into 2002.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Virginia
Ownership Structure of Current Parent: government-sponsored
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: secondary mortgage market
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.