James B. Lockhart, III, Director of the Office of Federal Housing Enterprise Oversight ( OFHEO ) took the New York State Attorney General to task Thursday for involving Freddie Mac and Fannie Mae in his investigation of subprime lending. OFHEO is, of course, the Federal agency charged with regulating...
New York State Attorney General Andrew Cuomo’s recently announced investigation of eAppraiselT , a division of First American reverberated throughout financial markets on Wednesday, contributing to a 361 point loss on Wall Street. The huge sell-off was helped along by a gloomy forecast by Washington...