Fannie Mae has agreed to pay $170 million to shareholders to settle a consolidated class action alleging the federal mortgage giant misrepresented its exposure to subprime loans in the runup... Read more
The Federal Housing Finance Authority (FHFA) is asking for more than $6 billion in penalty fees from Bank of America for the bank’s role in misleading mortgage agencies such as Fannie Mae an... Read more
In another significant development involving JPMorgan Chase, the bank has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mo... Read more
UBS AG, Switzerland’s largest bank, has agreed to pay $885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing b... Read more
In what I believe is a step in the right direction, the U.S. government has filed suit against 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac bi... Read more
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