Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS

NEW YORK (Reuters) - Former Fannie Mae CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the financial crisis.

from Reuters: Business News http://ift.tt/1F0dzRi

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