The House Financial Services Committee Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises will hold a hearing on the “Financial Losses and Progress of Fannie Mae and Freddie Mac” on September 15. Witnesses include Michael S. Barr (Assistant Secretary of the Treasury for Financial Institutions) and Edward J. DeMarco (Acting Director, Federal Housing Finance Agency). The hearing will explore the primary causes of financial losses for Fannie Mae and Freddie Mac and will review progress in improving management at the agencies during the last two years. Read More…