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Saturday, December 5, 2020

Ex-Officer Faults Mortgage Giants for ‘Orgy’ of Nonprime Loans

A former Fannie Mae executive testified that Fannie and Freddie Mac engaged in “an orgy of junk mortgage development” that turned the mortgage giants into vast repositories of risky loans.

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A former Fannie Mae executive testified that Fannie and Freddie Mac engaged in “an orgy of junk mortgage development” that turned the mortgage giants into vast repositories of risky loans.

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