Article: Fannie Mae, Freddie Mac Probed

MARCY GORDON, AP Business Writer
AP Online
03-09-2001
Fannie Mae, Freddie Mac Probed

WASHINGTON (AP) -- Lawmakers are looking into allegations that officials of Fannie Mae and Freddie Mac threatened major banks with retaliation for criticizing the mortgage-market giants.

A Fannie Mae spokeswoman on Friday called the charges of intimidation ``absolutely not true''; the chairman of Freddie Mac said they were ``totally false.''

A campaign to rein in the two government-sponsored yet publicly traded companies widened, meanwhile, as a coalition of chief executives from some of the biggest banks and financial companies reportedly joined in.

The big banks and financial companies compete with -- ...

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