Home mortgage giant Freddie Mac fires its president and replaces two senior executives amid accounting review irregularities.
"The Wall Street Journal reported that regulators will look at whether Freddie Mac may have deferred some income to smooth out results in future periods. The paper also said the SEC would probe whether its chief executive and chief financial officer may have violated the law by certifying financial statements, if such statements are deemed inaccurate... Separately, the mortgage financier faces an investigation by the Office of Federal Housing Enterprise Oversight, and two members of Congress called for hearings on Freddie Mac's restatement problems."
Thanks to Chris Steins
Read the full story: Freddie Mac Faces Sec Inquiry
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
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Boston has spent millions making the Green Line more accessible — and there’s no end in sight
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Idaho may see an 18% drop in federal surface transit funding — the largest estimated cut in the US
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How ‘post-disaster gentrification’ alters neighborhoods after natural calamities
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FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
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