Federal Housing Finance Agency, as Conservator for the Federal Home Loan Mortgage Coporation v. Ally Financial Inc. et al

  1. June 19, 2014

    RBS To Pay $100M To Settle FHFA's MBS Loan Suit

    The Federal Housing Finance Agency announced Thursday that it has reached a $99.5 million settlement with RBS Securities Inc. in New York federal court, settling claims the bank violated federal and state securities laws by selling toxic mortgages to Freddie Mac and Fannie Mae.

  2. May 06, 2014

    Fannie, Freddie Didn't Know MBS Loans Were Toxic: FHFA

    Fannie Mae and Freddie Mac didn't know of the falsity of misrepresentations that banks made when selling them toxic mortgage-backed securities before the financial crisis, the Federal Housing Finance Agency claimed in court documents publicly filed Tuesday.

  3. February 14, 2014

    BofA Loses Its Bid To Use Countrywide Docs In MBS Row

    A New York federal judge on Friday refused to reconsider an order barring Bank of America Corp. from using documents produced in separate proceedings to defend itself against a suit alleging the bank misrepresented billions of dollars in mortgage-backed securities sold to Fannie Mae and Freddie Mac.

  4. April 16, 2013

    UBS Must Hand Over Docs To FHFA In $182B RMBS Row

    A New York federal judge on Tuesday ordered a UBS AG unit to produce portions of documents it claimed as privileged to the Federal Housing Finance Agency, in the FHFA's litigation claiming UBS and other banks misrepresented the quality of roughly $182 billion in residential mortgage-backed securities.

  5. January 08, 2013

    Ally Unit Loses Bid To Revisit Freddie Mac MBS Claims

    A federal judge on Monday shot down Ally Financial Inc.'s securities unit's request that she reconsider a December decision that left it vulnerable to claims that it misstated the quality of mortgage-backed securities to Freddie Mac during the housing bubble.

  6. July 16, 2012

    Fannie, Freddie Losses Over $200B MBS Not Fraud, Banks Say

    Wall Street banks accused of lying to Fannie Mae and Freddie Mac about the quality of $200 billion in residential mortgage backed securities urged a federal court Friday to dismiss the Federal Housing Finance Agency's lawsuits against them, arguing that they can't be blamed for the government's losses during the financial crisis.

  7. December 13, 2011

    Wall St. Struggles To Fend Off Fannie, Freddie Fraud Suits

    A New York federal judge on Monday rejected the lead case selected by Wall Street banks looking to dismiss the U.S. government's allegations that they lied to Fannie Mae and Freddie Mac about the quality of tens of billions of dollars' worth of residential mortgage-backed securities.