Treasury Under Fire Over Pace Of Fannie, Freddie Reform

Law360, New York (December 6, 2011, 5:24 PM EST) -- A top U.S. Treasury Department official faced tough questioning from lawmakers Tuesday about the slow pace of reform in winding down Fannie Mae and Freddie Mac, whose roles in the mortgage market have been widely criticized on Capitol Hill in the wake of the financial crisis.

Sen. Bob Corker, R-Tenn., grilled Deputy Treasury Secretary Neil Wolin about the department's plans to reform the nation's still-reeling housing market. Corker's top target was Fannie and Freddie, which have received more than $170 billion in government assistance since they...
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