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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
| Further Information |
Released |
| Complaint |
9/2/2011 |
