Richard Syron News
Fannie Mae, Freddie Mac Execs Accused of Fraud
U.S. government investigates mortgage bosses for financial recklessness.
EXCERPT: Henry M. Paulson Jr.'s: 'On the Brink'
Read an Excerpt From 'On the Brink: Inside the Race to Stop the Collapse of the Global Financial System,' by Henry M. Paulson Jr.
Freddie Mac, Fannie Mae sink into managerial turmoil
The death of Freddie Mac's acting chief financial officer heightens the turmoil at Freddie fre and Fannie Mae fnm at a critical time when the two housing-finance giants are assuming larger roles in the Obama administration's housing rescue program. David Kellermann, who became Freddie's CFO when
CEO leaving troubled mortgage giant Freddie Mac after 6 months
The CEO of embattled mortgage titan Freddie Mac fre , who was installed last year to head the company after the federal government took it over, announced Monday that he is resigning. David Moffett will leave his position by March 13. He had indicated that he wants to return to the financial
Why Were Mortgage Warnings Ignored?
Academics: Greed, Competition and Lack of Information Kept the Subprime Train Rolling
CEO Salaries Weather Mortgage Crisis
CEOs of Fannie Mae and Freddie Mac Earned Roughly $30 Million in Salary Last Year
Fannie, Freddie to Use Billions More for Lending
WASHINGTON (AP) -- The U.S. government on Wednesday relaxed capital requirements at Fannie Mae and Freddie Mac as part of a plan to inject an additional $200 billion (euro127.4 billion) of financing for home loans. The initiative, which will require Fannie and Freddie to raise substantial funds, is
Top former Fannie, Freddie execs to testify at mortgage crisis hearing
Lawmakers are poised to trade barbs Tuesday about who deserves most of the blame for the collapse and government takeover of mortgage finance titans Fannie Mae and Freddie Mac. The two companies, which were seized by federal regulators in September, have become highly charged political targets in
Fannie, Freddie execs ignored warnings about risky loans
The former heads of Fannie Mae and Freddie Mac told Congress on Tuesday that the firms bought questionable mortgages to keep pace with rivals despite subordinates' repeated warnings of risks to the companies, borrowers and the economy. "If it had not done so, it could not have remained competitive
Fannie, Freddie Ignored Risky Loan Warnings
Fannie and Freddie Execs Defend Their Decisions as House Members Question Motives