FHFA Sued Over Halt On Low-Income Housing Payments

Law360, New York (July 9, 2013, 3:52 PM EDT) -- The Federal Housing Finance Agency was hit with a lawsuit Tuesday in Florida federal court by two nonprofit housing organizations who want the agency to lift its 2008 decision to indefinitely suspend Fannie Mae and Freddie Mac's payments into a national housing trust fund for extremely low-income households.

FHFA, which regulates Fannie Mae and Freddie Mac, suspended the congressionally mandated payments when the duo were placed in conservatorship in 2008. But since Fannie and Freddie recently posted record profits and income, the National Low Income Housing Coalition...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.