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

Richard Syron, former CEO of Freddie Mac, 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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Freddie Mac warned of risks, sources said

WASHINGTON, Aug. 5 (UPI) -- The chief executive officer of the Federal Home Mortgage Corp. did not heed warnings the company was headed for trouble, sources said.

Freddie Mac head: U.S. economy could sink

NEW YORK, Dec. 11 (UPI) -- The U.S. economy could sink as the media show evicted homeowners standing helplessly in front of their foreclosed homes, Freddie Mac's head said Tuesday.

Fannie, Freddie to buy subprime loans

WASHINGTON, April 18 (UPI) -- Fannie Mae and Freddie Mac will buy billions of dollars in subprime home mortgage loans, the U.S. mortgage finance companies said Wednesday.

Freddie Mac investing in Katrina-hit areas

WASHINGTON, Oct. 13 (UPI) -- Freddy Mac, the housing finance company, plans to put $1 billion into mortgages and home-repair loans in areas damaged by Hurricane Katrina.

Freddie Mac names McQuade president

MCLEAN, Va., Aug. 5 (UPI) -- Freddie Mac Thursday named Eugene McQuade president and chief operating officer, effective Sept. 1.

Freddie Mac may be close to settlement

WASHINGTON, Dec. 9 (UPI) -- Federal regulators investigating Freddie Mac's accounting are seeking $100 million or more from the company to settle possible civil charges.

Freddie Mac taps Syron for CEO

MCLEAN, Va., Dec. 7 (UPI) -- Freddie Mac is expected to announce it has selected Richard Syron, a former head of the American Stock Exchange, to become its new chief executive officer.

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