Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
July 2024
S M T W T F S
« Oct    
 123456
78910111213
14151617181920
21222324252627
28293031  
04/11/10
Housing meltdown surprised Fannie Mae executives
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 6:25 pm

WASHINGTON - Two former Fannie Mae executives said Friday that competitive pressures, combined with the political goal of increasing homeownership, were to blame for the company’s decision to back riskier mortgages that fueled the housing bubble.

Daniel Mudd, Fannie Mae’s former chief executive, and Robert Levin, former chief business officer, testified before a panel examining the roots of the financial crisis. Both executives left Fannie Mae after it was seized by regulators in fall 2008.  more…


Bookmark and Share
Subscribe

share

Leave a Reply