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FHFA Lawsuits Target Major Banks by William J Greenberg is a document available to read on EtoBox.

What is FHFA Lawsuits Target Major Banks about?

The FHA suits accuse the banks of fraud, of lying to the federal government and to investors about the quality of the securities they were making by cranking out more and more subprime loans. The amount of thesuits is not yet known, but they allege nearly $200 billion in fraudulent securities were sold just to Fannie Mae and Freddie Mac, the government-backed (and now, post-bailout, basically government-owned) mortgage lenders

Author

William J Greenberg

Language

EN