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Sun sets behind the Fannie Mae headquarters in Washington. (AP Photo/J. David Ake)
Sun sets behind the Fannie Mae headquarters in Washington. (AP Photo/J. David Ake)
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US weighs lawsuits on alleged insurance kickbacks

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.

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Karen Bleier and Paul J. Richards/AFP/Getty Images
Karen Bleier and Paul J. Richards/AFP/Getty Images
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Fannie, Freddie May Have Lost Over $3-Billion

A federal watchdog finds that government-controlled Fannie Mae and Freddie Mac may have lost more than $3 billion from big banks' alleged rigging of a key interest rate.

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