Washington, June 12: The US government has launched an investigation into Freddie Mac, the country's second largest mortgage financier, the US Attorney for Virginia said on Wednesday. "The United States Attorneys office in the eastern district of Virginia has initiated an investigation involving Freddie Mac," US Attorney Paul McNulty said.
He gave no further details and officials would not say what the exact investigation would cover.
Freddie Mac's top management left the company recently amid mounting concerns about management's response to an accounting probe.
Bureau Report