Federal Contractor Misconduct Database (FCMD)
Federal Housing Finance Agency Mortgage Lawsuit
General Electric settled a lawsuit filed by the Federal Housing Finance Agency (FHFA) charging GE with wrongdoing in the sale of residential mortgage-backed securities. The FHFA claimed that GE’s former mortgage lending unit misled Freddie Mac into buying $549 million in securities between September and December 2005. Financial terms of the settlement were not disclosed.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Complaint