No criminal charges for Fannie Mae
Investigation of US mortgage company closes
Fannie Mae, the US government-backed mortgage company fined $400m (£212m) by
the Office of Federal Housing Enterprise Oversight and the Securities &
Exchange Commission for accounting irregularities, will no longer be
investigated or have charges filed against it by the US Attorney.
‘We will continue to work closely and cooperatively with our regulators as we
move forward to carry out the terms of our agreements, complete our restatement
and build a better company,’ said Daniel Mudd, Fannie Mae’s president and CEO.