Information is sought on the mortgage giants' roles as landlords who own thousands of foreclosed properties in California. Also sought are details of their mortgage-servicing and home-repossession practices, a source says.Investigators with the California attorney general's office have subpoenaed information from mortgage titans Fannie Mae and Freddie Mac as part of a wide-ranging inquiry into lending and foreclosure practices in the state.

RELATED ARTICLES
  • Democrats decry GOP subpoena of Clinton's personal emails
    Democrats on the House committee investigating the Benghazi attack are asking the panel's Republican chairman to withdraw a subpoena for Hillary Clinton's emails. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • One flight closer to space tourism
    Virgin Galactic is one flight closer to becoming a commercial "spaceline." The company's passenger spacecraft, SpaceShipTwo, completed its first rocket-powered flight Monday morning above the Mojave Desert in California. More
  • Police confiscate 4-foot, 2-pound marijuana joint
    California police confiscated a mammoth joint during a 4/20 pot rally on Saturday, reports the Los Angeles Times. As the paper notes, hundreds of UC Santa Cruz students gather each year for the event, and each year campus police confiscate things like bongs and dime bags. More
  • New home sales rise, housing recovery still on track
    Sales of new single-family homes rose in March, indicating the housing market recovery remains on track. More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News