How important is nonprofit journalism?

Donate by May 7 and your gift to The Center for Public Integrity will be matched dollar-for-dollar up to $15,000.

Financial reform this week: Will SEC's final whistleblower rule require first filing internal complaint?

By Julie Vorman

Your guide to Dodd-Frank law deadlines, hearing and events for the week of May 23

Excerpts from this story referencing "Fannie Mae":

"… nd infrastructure needed to comply with any rules. Begins at 1000 ET. Fannie Mae future - Senate Banking Committee holds a hearing on the future of housing …"

"… tee holds a hearing on the future of housing finance and what will replace Fannie Mae and Freddie Mac. Testifying will be executives with the National Associati …"

"… dated by the Dodd-Frank law. Meeting begins at 0930 ET and will be webcast.Fannie Mae future - House Financial Services subcommittee holds a hearing on transpar …"

"… ds a hearing on transparency and transition issues with housing finance as Fannie Mae and Freddie Mac are phased out.  Begins 1400 ET and will be webcast.D …"

Judge says Fannie Mae whistleblower's lawsuit can go forward

By Michael Hudson

As Congress begins to tackle the future of Fannie Mae and Freddie Mac, the government-chartered mortgage giants that have been kept alive wi

Excerpts from this story referencing "Fannie Mae":

"… overnment-sponsored enterprises? …"

"… returned to the mortgage giant in 2009 as a high-level consultant, claims Fannie Mae executives bungled their key role in the Obama administration’s Home Aff …"

"… nt issued a widely-publicized report calling for a gradual winding down of Fannie Mae and Freddie Mac.Unnoticed was Herron’s important procedural victory on T …"

"… yed that she could not “leverage her short-term, at-will engagement with Fannie Mae into long-term employment” at the Treasury Department.The victory allows …"

FactWatch: Fannie and Freddie were followers, not leaders, in mortgage frenzy

By Michael Hudson

Republicans insist that Fannie Mae and Freddie Mac "were the main cause of the nation's current financial turmoil” but a look at the data sh

Excerpts from this story referencing "Fannie Mae":

"… s economic mess, and two names come to mind: Fannie and Freddie.They see Fannie Mae and Freddie Mac as the villains of the financial crisis.GOP.gov, the offic …"

"… l website for Republicans in the House of Representatives, says flatly: “Fannie Mae and Freddie Mac were the main cause of the nation's current financial turm …"

"… tory.When it comes to the lending spree that sparked the financial crisis, Fannie Mae and Freddie Mac were followers, not leaders. They were, at first, not-so-i …"

Advertisement

As Fannie, Freddie flounder, six top execs receive handsome rewards

By John Solomon and Julie Vorman

Obama administration approves $34 million in compensation without market analysis of executive pay

Excerpts from this story referencing "Fannie Mae":

"… lion in compensation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants while lacking basic protections to ensure …"

"… r confirmed by Senate last year to watch over federal housing programs. “Fannie Mae and Freddie Mac have received almost $154 billion in taxpayer funding to s …"

"… that guarantees payments on mortgage-backed securities.The current head of Fannie Mae, while still highly-paid by most Americans' standards, is earning signific …"

"… Mudd had as chief executive in 2006 during the peak of the housing market.Fannie Mae Chief Executive Michael J. Williams received a compensation package totali …"

Freddie's and Fannie's favors

By Matthew Lewis

With Congress set to weigh in on the Federal Reserve and Treasury Department’s plan to rescue Freddie Mac and Fannie Mae, the increase in po

Excerpts from this story referencing "Fannie Mae":

"… Federal Reserve and Treasury Department’s plan to rescue Freddie Mac and Fannie Mae, the increase in political contributions by the two corporations’ politi …"

"… ne 30, 2005, Freddie Mac paid $16,939.52 for 11 congressional staff trips. Fannie Mae nearly doubled that total, picking up the tab for 21 trips at a combined f …"

"… gally make sizable contributions to members of Congress.In the 2008 cycle, Fannie Mae PAC has contributed a total of $617,900 to congressional members; Freddie …"

Republicans must choose panel chief tough enough to stand up to Barney

By Peter H. Stone

Two experienced Republican lawmakers are vying for the chairmanship of the U.S. House Financial Services Committee and the chance to try to

Excerpts from this story referencing "Fannie Mae":

"… rnia, a critic of financial regulatory reform and the government rescue of Fannie Mae and Freddie Mac, is challenging Spencer Bachus of Alabama for the committe …"

Advertisement

New appraisal rules lack enforcement

By Joe Eaton

Nine days before new rules radically changing the appraisal industry are set to take effect, appraisers, lenders and real estate agents are

Excerpts from this story referencing "Fannie Mae":

"… the appraisal industry — an investigation that included mortgage giants Fannie Mae and Freddie Mac. The HVCC would apply to any loan that could be purchased …"

"… e some of the most unscrupulous players.As part of the original agreement, Fannie Mae and Freddie Mac agreed to pay $24 million to set up an “Independent Valu …"

"… man declined to comment on how his organization would enforce the rules. A Fannie Mae representative did not immediately return calls for comment. Andrew Cuomo …"

Why is Andrew Cuomo shielding Fannie and Freddie?

By Joe Eaton

In 2007, New York State Attorney General Andrew Cuomo set out to investigate whether Fannie Mae and Freddie Mac purchased home mortgages bas

Excerpts from this story referencing "Fannie Mae":

"… ew York State Attorney General Andrew Cuomo set out to investigate whether Fannie Mae and Freddie Mac purchased home mortgages based on fraudulently inflated ap …"

Whistleblower: Fannie Mae bungled HAMP anti-foreclosure program

By Michael Hudson

Fannie Mae executives bungled their stewardship of the federal government’s massive foreclosure-prevention campaign, creating a bureaucratic

Excerpts from this story referencing "Fannie Mae":

"… might “be mean to Fannie Mae” after moving over to Treasury Department. …"

"… waste of public funds,” according to a whistleblower lawsuit by a former Fannie Mae executive and consultant.Caroline Herron, a former Fannie vice president w …"

"… h their institution’s short-term financial interests.“It appeared that Fannie Mae officers were focused on maximizing incentive payments available to Fannie …"

"… ie Mae officers were focused on maximizing incentive payments available to Fannie Mae under various federal programs – even if this meant wasting taxpayer mon …"

Reform reading: AEI urges closer look at derivatives, whistleblower, consumer agency rules

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "Fannie Mae":

"… reported in August by the Center for Public Integrity, which described how Fannie Mae executives bungled their stewardship of the HAMP program. Fannie and Fredd …"

Pages