Washington Post staff writers Annys Shin and Kathleen Day discuss a report that blames some of Fannie Mae's former top executives for many of the mortgage finance company's accounting woes.
Fannie Mae and Freddie Mac reduced charitable giving by more than 40 percent from 2006 to 2008 and focused it more sharply on housing-related issues, leaving some local nonprofits without a major source of funding.
The federal government yesterday doubled its commitment to Fannie Mae and Freddie Mac, promising to reimburse the companies for up to $400 billion in losses on their investments in mortgage loans.