Business Mortgage and Commercial Finance Brokers

11
Mar

WASHINGTON, March 11 (Reuters) - A
congressionally-appointed commission exploring the roots of the
financial crisis said on Thursday it will hold a hearing in
April to study supbrime lending and U.S. mortgage finance
giants Fannie Mae (FNM.N) and Freddie Mac (FRE.N).

The Financial Crisis Inquiry Commission, a 10-member panel
that includes former regulators and lawmakers, said it will
hear from the Federal Reserve, Citigroup (C.N), Fannie Mae, the
Federal Housing Finance Agency and the Office of the
Comptroller of the Currency.

The sessions are scheduled for April 7-9.

The FCIC is holding public hearings and meeting behind
closed doors with financial industry players to piece together
the causes and impact of the financial meltdown.

It is tasked with issuing a report by Dec. 15 detailing the
crisis that peaked in late 2008 after the collapse of former
investment banking giant Lehman Brothers.

© Thomson Reuters 2010 All rights reserved.





Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Category : Uncategorized

About Us

We are well versed in delivering robust finance solutions for all types of circumstances. If you don't see the mortgage or finance package you are looking for Contact Our Advisors

Subscribe

Subsribe via RSS Feed Reader

Contact Us

Future Financial, Future House, Staffordshire, ST5 0NG

Tel : 0845 299 7904

advice@businessmortgageprovider.com