| Dec 16, 2011 12:12PM Six former top executives of Fannie Mae and Freddie Mac were charged with securities fraud Friday morning in connection with mortgage backed securities issued by the firms. The Securities and Exchange Commission filed separate suits against each of the government sponsored enterprises (GSEs) in the U.S. District Court for the Southern District of New York while at the same time revealing non-prosecution agreements with Fannie Mae and Freddie Mac in return for the cooperation of the GSEs in the upcoming... Dec 16, 2011 3:26PM Mortgage Rates experienced another record setting day. While the 3.875% Best-Execution rate remains unchanged on average, the costs involved to obtain that rate reached inched slightly lower to reach a new all-time low. Despite the record levels, it was a fairly uneventful day for the Mortgage-Backed-Securities (MBS) that most directly govern rates as well as the broader fixed-income market. Ongoing concerns about Europe, Fed-buying, and weakness in equities markets helped keep bond markets in good...
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