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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

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
Securities
Enforcement Agency
FHFA
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Complaint
9/2/2011
Contractors Involved Penalty
Total
General Electric Undisclosed
Further Information Released
Complaint 9/2/2011

Federal Contractor Misconduct Database