Former Fannie Mae, Freddie Mac executives testify before House committee in Washington
Daniel Mudd, former CEO of Fannie Mae, testifies before a House Oversight and Government Reform Committee about the roles of Fannie Mae and Freddie Mac in the financial and mortgage crises on Capitol Hill in Washington on December 9, 2008. (UPI Photo/Roger L. Wollenberg)
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WASHINGTON, Dec. 16 (UPI) -- U.S. finance regulators have charged former executives of the nation's largest mortgage brokers with misleading investors about their risky mortgages holdings.
WASHINGTON, April 9 (UPI) -- Conflicting goals for mortgage giant Fannie Mae led to its downfall and eventual rescue by the U.S. government, its former chief says.
WASHINGTON, Dec. 9 (UPI) -- The top executives of Fannie Mae and Freddie Mac ignored warnings about the risk of diving into subprime mortgages, U.S. Rep. Henry Waxman said Tuesday.
NEW YORK, Aug. 28 (UPI) -- The Federal National Mortgage Association, battered by the meltdown in the U.S home loan business, has shaken up its senior management, officials said.
WASHINGTON, Aug. 8 (UPI) -- The U.S. government-sponsored mortgage broker Federal National Mortgage Association reported a second quarter net loss Friday of $2.3 billion.
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