Ex-Fannie Mae CEO testifies in $1 bln mortgage trial of Nomura, RBS
March 31, 2015 at 17:58 PM EDT
NEW YORK, March 31 (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.