Fannie Mae and Freddie Mac, Industry Analysts and Academics

Dec 9, 2008

U.S. House of Representatives House Committee Oversight and Government Reform

Witnesses testified about business practices and operations at Fannie Mae and Freddie Mac that eventually led to their takeover by the federal government. They focused on risk management practices and warnings to key company executives about the hazards of the subprime mortgage markets and over extension of credit to home buyers. They also .. Read More

Witnesses testified about business practices and operations at Fannie Mae and Freddie Mac that eventually led to their takeover by the federal government. They focused on risk management practices and warnings to key company executives about the hazards of the subprime mortgage markets and over extension of credit to home buyers. They also talked about the housing industry and its role in the current financial crisis.

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