Subprime Lending

Committee Grills Ex-Officers on Fannie, Freddie ‘Irresponsibility’ 

The Committee on Oversight and Government Reform on Tuesday conducted a hearing to probe the role of government-sponsored entities Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] in the financial crisis. The Committee heard testimony from former Fannie executives Daniel Mudd, Franklin Raines, and Edward Pinto, as well as Freddie executives Leland Brendsel and Richard Syron.