FHFA Recaps RMBS Litigation Following Latest Settlement

more+
less-

On January 2, the FHFA announced that it has obtained nearly $8 billion in connection with its RMBS litigation initiative. In 2011, the FHFA filed lawsuits against 18 financial institutions involving allegations of securities law violations and, in some instances, fraud in the sale of private label securities to Fannie Mae and Freddie Mac. The total recovered to date includes a recently announced $1.9 billion settlement, the FHFA’s sixth RMBS settlement thus far.

Topics:  Fannie Mae, FHFA, Freddie Mac, Mortgage-Backed Securities, RMBS, Securities Litigation

Published In: Business Torts Updates, Finance & Banking Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© BuckleySandler LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »