Reuters News Service and the Associated Press are both quoting a story in the Wall Street Journal on Wednesday that the controversial CEO of Countrywide Mortgage , Angelo Mozilo, is under an informal investigation by the Securities and Exchange Commission ( SEC ). Countrywide is the largest mortgage...
Investors in the two government sponsored enterprises ( GSEs ) Freddie Mac and Fannie Mae got their hopes up early in the week based on speculations that federal regulators - specifically the Office of Federal Housing Enterprise Oversight (OFHEO) - might allow the two mortgage giants to buy more home...