The Real Estate Encyclopedia
Lawmakers blast former Fannie, Freddie execs
Category - Mortgage Questions - Mortgage Loans FAQ's
FANNIE MAE AND FREDDIE MAC

Three months after the government seized control of Fannie Mae and Freddie Mac, lawmakers blamed former top executives at the mortgage giants for fueling the financial market turmoil that has dragged the country into a recession. "Their irresponsible decisions are now costing the taxpayers billions of dollars," said U.S. Rep. Henry Waxman (D-Calif.) chairman of the House Oversight and Government Reform Committee.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n5-121008.cfm
 
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Mortgage Questions - Mortgage Loans FAQ's
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