UBS Sued Over $4.5B Fannie, Freddie RMBS Losses
By Evan Weinberger ( July 27, 2011, 3:53 PM EDT) -- The Federal Housing Finance Agency on Wednesday sued UBS AG in New York over losses on $4.5 billion worth of residential mortgage-backed securities Fannie Mae and Freddie Mac purchased based on false statements by units of the Swiss investment bank....
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