Tip'd

A community for financial news, ideas, and tips

Welcome to Tip’d, a social media site for finance, investing, and business topics. Want to participate? » Join Tip’d now! or read our FAQ.

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

Fannie Mae and Freddie Mac engaged in “an orgy of junk mortgage development” that turned the two mortgage-finance giants into vast repositories of subprime and similarly risky loans, a former Fannie executive testified on Tuesday.
addto Save & Share   Topple Spam? Topple this!

Comments Who Tip'd