FEDERAL HOME LOAN MORTGAGE CORPORATION v. TWIN CITY FIRE INSURANCE COMPANY et al

  1. November 12, 2024

    Freddie Mac Gets Partial Win In SEC Probe Coverage Dispute

    Government-backed mortgage buyer Freddie Mac cannot obtain coverage solely because its employees received subpoenas from the U.S. Securities and Exchange Commission, a D.C. federal court ruled while also holding that the lender's excess insurers cannot challenge a lower-layer insurer's coverage determination.

  2. October 10, 2024

    Freddie Mac, Axis Ink Deal Over $32M SEC Probe Coverage

    Government-backed mortgage buyer Freddie Mac told a D.C. federal court it reached a settlement with an excess insurer over its $32 million defense bill from a U.S. Securities and Exchange Commission investigation and lawsuits concerning its exposure to subprime mortgages in the lead-up to the 2008 financial crisis.

  3. May 03, 2024

    Freddie Mac, Insurer Settle $32M SEC Probe Coverage Dispute

    Government-backed lender Freddie Mac told a Washington, D.C., federal court Friday that it has settled with an insurer in a $32 million coverage suit stemming from civil actions and federal probes around its collapse during the 2008 global financial crisis.

  4. October 19, 2023

    Freddie, Insurers Say SEC Coverage Issues Should Be Defined

    Freddie Mac and its insurers agreed discovery in a $32 million coverage suit stemming from civil actions and federal probes related to the 2007 global financial crisis should await a decision on the lender's forthcoming motion, telling a D.C. federal court the motion may define and narrow the scope of the dispute.

  5. September 25, 2023

    Freddie Says 2008 Crisis Coverage Includes Co.'s Defense

    The Federal Home Loan Mortgage Corp. has hit back against an insurer's counterclaim in a case it brought seeling to compel coverage of $32 million in defense costs the government-backed lender incurred defending civil suits and federal probes after the 2007 financial crisis.

  6. June 16, 2023

    Freddie Mac Says Insurers Owe $32M In SEC Probe Coverage

    The Federal Home Loan Mortgage Corp. sued three insurers in D.C. federal court Friday, alleging the companies are refusing coverage for millions of dollars in defense costs of Freddie Mac employees stemming from civil suits and probes by the U.S. Securities and Exchange Commission after the 2007 financial crisis.