News bites: Fannie, Freddie ease mortgage modification rules

The government-backed lending giants rolled out streamlined rules that don’t require borrowers to prove a hardship — but also won’t include principal reduction, The Los Angeles Times reports.

Former Justice Department officials are concerned about key vacancies in the agency’s leadership, according to The Washington Post.

Regulators issue fraud alert on physician-owned medical device distributors, Reuters reports.

Documents shed new light on communications between the Securities and Exchange Commission and JPMorgan Chase in the months after the firm’s “London Whale” derivatives losses, according to Reuters.