SEC charges ex-Fannie, Freddie CEOs with fraud (AP)

Federal regulators have charged six former executives, including former CEOs, at mortgage giants Fannie Mae and Freddie Mac with securities fraud.

WASHINGTON (AP) -- The Securities and Exchange Commission has charged six former top executives at Fannie Mae and Freddie Mac with civil fraud, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust....

Six former top executives of housing finance giants Fannie Mae and Freddie Mac were charged Friday with securities fraud by federal regulators for allegedly misleading investors about the size of the companies' risky subprime mortgage holdings.