With no end in sight to Fannie and Freddie's drain on taxpayers, the two mortgage giants need to...

|About: Fannie Mae (FNMA)|By:, SA News Editor

With no end in sight to Fannie and Freddie's drain on taxpayers, the two mortgage giants need to rein in their rising legal costs, according to a watchdog report (.pdf) released today. At present, Fannie and Freddie are spending tens of millions of dollars defending former execs facing private lawsuits and government investigations.