US weighs lawsuits on alleged insurance kickbacks

Published June 25, 2014 6:01pm ET



WASHINGTON (AP) — The government is considering suing banks and other mortgage servicers over alleged insurance kickbacks that may have cost government-controlled mortgage companies Fannie Mae and Freddie Mac hundreds of millions, according to an internal federal report.

The agency responsible for guarding the mortgage giants’ finances told its inspector general’s office that it will decide over the next year whether to sue.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.