The largest mortgage company came under investigation USA

The Prosecutor's Office in New York interested leaders mortgage market activity USA-subsidized companies Fannie Mae and Freddie Mac, reported Bloomberg News. In a nine-month investigation, the Attorney General Andrew Cuomo (Andrew Cuomo) intends to test in court documentation of these firms.

Mortgage Bonds to be checked, they have acquired from financial institutions, including the Bank of Washington Mutual Inc. Last week, Cuomo accused the Bank and American Corporation, real estate deals with the assessment, in a deliberate conspiracy to drive up the cost of housing.

Fannie Mae and Freddie Mac in control of about 40 per cent mortgage market in the country. Total volume was estimated at 11.5 trillion dollars.

For the record, the housing market crisis in the United States increased during the spring of 2007 and is linked with the growth of non-payment mortgages. Only in the third quarter of this year were unable settlement for their homes 600 thousand borrowers.