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Testimony of Ohio AG Mike Dewine “I urge the Committee and Congress to bring it to an end”

Testimony of Ohio AG Mike Dewine “I urge the Committee and Congress to bring it to an end”


FULL TESTIMONY
OHIO ATTORNEY GENERAL MIKE DEWINE
“An Analysis of the Post-Conservatorship Legal Expenses of
Fannie Mae and Freddie Mac”
HOUSE SUBCOMMITTEE HEARING ON
OVERSIGHT AND INVESTIGATIONS
WASHINGTON, DC
FEBRUARY 15, 2011

[ipaper docId=48911604 access_key=key-2ey08958a8h0n2fnbcp9 height=600 width=600 /]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Testimony of FANNIE MAE President & CEO Michael J. Williams “Analysis of the Post-Conservatorship Legal Expenses of Fannie Mae and Freddie Mac”

Testimony of FANNIE MAE President & CEO Michael J. Williams “Analysis of the Post-Conservatorship Legal Expenses of Fannie Mae and Freddie Mac”


Testimony of Michael J. Williams
President and Chief Executive Officer
Fannie Mae
U.S. House of Representatives Committee on Financial Services
Subcommittee on Oversight and Investigations
“Analysis of the Post-Conservatorship Legal Expenses of Fannie Mae and Freddie Mac”
February 15, 2011

[ipaper docId=48911272 access_key=key-dda5nrua1pf2ddcuxk8 height=600 width=600 /]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Testimony of FHFA Director Edward J. DeMarco “An Analysis Post-Conservatorship Legal Expenses of Fannie Mae and Freddie Mac”

Testimony of FHFA Director Edward J. DeMarco “An Analysis Post-Conservatorship Legal Expenses of Fannie Mae and Freddie Mac”


Statement of
Edward J. DeMarco
Acting Director
Federal Housing Finance Agency
Before the
Committee on Financial Services
Subcommittee on Oversight and Investigations
U.S. House of Representatives
“An Analysis Post-Conservatorship Legal Expenses of Fannie Mae and Freddie Mac”
February 15, 2011

[ipaper docId=48905756 access_key=key-fjapa4duj49vr0270fz height=600 width=600 /]


© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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NYTIMES | Mortgage Giants Leave Legal Bills to the Taxpayers

NYTIMES | Mortgage Giants Leave Legal Bills to the Taxpayers


By GRETCHEN MORGENSON
Published: January 24, 2011

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The cost was a closely guarded secret until last week, when the companies and their regulator produced an accounting at the request of Congress.

The bulk of those expenditures — $132 million — went to defend Fannie Mae and its officials in various securities suits and government investigations into accounting irregularities that occurred years before the subprime lending crisis erupted. The legal payments show no sign of abating.

Documents reviewed by The New York Times indicate that taxpayers have paid $24.2 million to law firms defending three of Fannie’s former top executives: Franklin D. Raines, its former chief executive; Timothy Howard, its former chief financial officer; and Leanne Spencer, the former controller.

[ipaper docId=47461391 access_key=key-10pwg3bnkex5q73neer6 height=600 width=600 /]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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