Federal regulators at the Securities and Exchange Commission just this morning charged several former executives at mortgage giants Fannie Mae and Freddie Mac with civil fraud
The House Financial Services Committee voted to stop the multimillion dollar bonuses Fannie and Freddie executive have been getting. And the STOCK Act is introduced in the Senate.
Two hearings on Capitol Hill are looking into Fannie Mae and government-backed mortgage loans. The House Financial Services Committee voted to rein in some of the million-dollar salaries for Fannie Mae executives.