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Freddie mac email format4/10/2023 The fourth-quarter loss, about $0.37 per share, includes a $2.2 billion dividend payment the company paid to the government. “Management has determined that, as of the date of this filing, we have ineffective disclosure controls and procedures and a material weakness in our internal control over financial reporting,” Fannie Mae said in a separate filing, also released on Thursday.įannie Mae said it lost $2.1 billion in the the final three months of last year. The SEC and the Federal Bureau of Investigation have also been probing the companies for possible corporate fraud. The government-controlled entities have been subpoenaed for documents as part of a federal grand jury into their accounting. He embodies our values of leadership, integrity and excellence,” Haldeman wrote, “I will miss him both as a colleague and as a person.”įreddie Mac and sister entity Fannie Mae have both been under investigation since September 2008 for their role in the mortgage crisis. “Don has brought skill, intense dedication, and humor to Freddie Mac. Bisenius, who vowed to fight the charges, is leaving the company on April 1, according to an email sent Thursday to all Freddie Mac employees from Chief Executive Ed Haldeman.
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