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FHFA Sues Wells Fargo Over $1B In Mortgage Bonds

By Jon Hill (June 4, 2019, 7:06 PM EDT) -- The Federal Housing Finance Agency sued Wells Fargo on Monday over $1 billion in residential mortgage-backed securities purchased by Freddie Mac more than a decade ago, opening up a new front in investor litigation over precrisis private-label securitizations tied to failed subprime lender NovaStar....

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