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The Federal Home Loan Mortgage ... shares of both Fannie Mae and Freddie Mac had tumbled more than 90% from their one-year prior levels. ... CEO from 1999 to 2004 ...
In July 2010, Citigroup agreed to pay $75 million (~$102 million in 2023) to settle civil charges that it misled investors over potential losses from high-risk mortgages. The U.S. Securities and Exchange Commission said that Citigroup had made misleading statements about the company's exposure to subprime mortgages. In 2007, Citigroup indicated ...
The SEC alleges they 'knew and approved of' misleading statements claiming the companies had minimal exposure to subprime loans at the height of home mortgage bubble." [ 82 ] Former Freddie chief financial officer Anthony "Buddy" Piszel, who in February 2011, was CFO of CoreLogic , "had received a notice from the SEC that the agency was ...