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CA attorney general subpoenas mortgage giants

Calif attorney general subpoenas Freddie Mac, Fannie Mae as part of mortgage fraud inquiry By The Associated Press

LOS ANGELES (AP) ' California's attorney general has subpoenaed mortgage giants Fannie Mae and Freddie Mac as part of an investigation into lending practices they conducted in the state.

A person familiar with the matter who requested anonymity because he's not authorized to speak publicly about it disclosed the legal move to The Associated Press on Thursday. The decision was first reported by the Los Angeles Times.

State Attorney General Kamala Harris had made mortgage fraud one of her top priorities, creating a task force to examine practices that leveled California's housing industry and led to a wave of foreclosures.

Lynda Gledhill, a spokeswoman for Harris, declined comment. Representatives for Freddie Mac and Fannie Mae also did not comment.

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Related Keywords:Calif-Mortgage Fraud,Subpoenas,Fraud and false statements,Law and order,General news,Crime


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