Daniel_Mudd - Former Fannie Mae, Freddie Mac executives testify before House committee in Washington

Former Fannie Mae, Freddie Mac executives testify before House committee in Washington

Richard Syron, former CEO of Freddie Mac, Daniel Mudd, former CEO of Fannie Mae, Leland Brendsel, former CEO of Freddie Mac and Franklin Raines, former CEO of Fannie Mae (front to back) testify 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)


UPI Related News
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.
Troubled Fannie Mae shakes up leadership
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.
Fannie Mae losses $2.3 billion in quarter
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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