Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS
March 31, 2015 at 21:09 PM EDT
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.
