Report examines Obama administration’s contradictory rhetoric on bonuses, $1.7 million non-performance based ‘signing bonus’ for Fannie executive WASHINGTON, D.C. – House Oversight and Government Reform Committee Chairman Darrell Issa today released  a new report, “Government-Sponsored Moguls: Executive Compensation at Fannie Mae and Freddie Mac.” Highlights of the report include: Assessments of controversial executive compensation decisions ...

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Oversight Chairman Issa Asks FHFA to Address Questions Raised about Purchase of Risky Portfolio with Deteriorating Value (WASHINGTON) – Fannie Mae, the government sponsored enterprise bailed out with billions in taxpayer dollars has agreed to buy a portfolio of high risk, deteriorating value loans from Bank of America (B of A). House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) has opened an investigation into this purchase and requested ...

WASHINGTON. D.C. – Responding to today’s White House’s housing summit, House Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) today called on the Obama Administration to make exposing the full extent of the ‘too-cozy’ relationship between the mortgage industry and Fannie Mae and Freddie Mac as key priority in the effort to determine the government sponsored enterprise’s future.  In July,an investigation conducted Issa exposed that in ...

WASHINGTON. D.C. – As the White House prepares for Tuesday’s housing summit, House Oversight and Government Reform Committee Ranking Member Darrell Issa (R-CA) today called on the Obama Administration tomake the ‘too-cozy’ relationship between the mortgage industry and Fannie Mae and Freddie Mac a key focal point of discussion.  In July, 

Fannie-Freddie Represents the Largest Taxpayer Bailout in History but Future Met with Deafening Silence WASHINGTON D.C. – President Obama today signed a “financial reform” bill into law today that remarkably ignored how the economic crisis was created by a partnership between the federal government and Gov­ernment Sponsored Enterprises (GSE’s) such as Fannie Mae and Freddie Mac who paved the way for an over-inflated housing bubble that encouraged mortgage ...

WASHINGTON D.C. – An investigation conducted by Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform Committee is revealing new insights into the inner workings of Countrywide’s Financial Corporation’s infamous VIP and Friends of Angelo Program that existed to buy friends in critical government and industry positions affecting the company’s business interests. An e-mail discovered in the course of the Committee’s investigation, revealed an ...

WASHINGTON, DC – An investigation conducted by Rep. Darrell Issa, the Ranking Member of the Oversight and Government Reform Committee is revealing new insights into the inner workings of Countrywide’s Financial Corporation’s infamous VIP and Friends of Angelo Program that existed to buy friends in critical government and industry positions affecting the company’s business interests.  Issa today in a letter to Federal Housing Finance Agency (FHFA) ...

 Click here to view “Oversight: It’s Our Job” WASHINGTON, DC – The job of the Oversight and Government Reform Committee is to shape a more transparent, efficient and accountable federal government through aggressive oversight of virtually everything government does – from national security policies to ...

Unaffordable Housing and Political Kickbacks Rocked the American Economy