CFC: Mortgage Frau

Events

Freddie Mac announces they will no longer buy risky mortgages

Feb 2007

CFC warns of "difficult conditions"

7/24/07

Secondary mortgage market collapses

aug 3, 2007

American Home Loans files for bankruptcy

aug 6, 2007

Fitch downgrades CFC to BBB+

8/16/07

CFC draws on a $11.5 billion line of credit

8/16/07

CFC drops 10% in one day on NYSE

11/26/07

Bank of America agrees to buy CFC for $4 billion

1/11/08

SEC charges Anthony Mozilo with insider trading and securities fraud

june 4, 2009

Stock Performance

CFC gains 23,000% since 1985

1999 - 2003