October 25, 2013
The Federal Housing Finance Agency on Friday announced a $5.1 billion settlement with JPMorgan Chase & Co. over the sale of faulty mortgage-backed securities to Fannie Mae and Freddie Mac, part of a broader settlement the bank is currently negotiating with the U.S. government.
August 27, 2013
The Federal Housing Finance Agency wants banking giant JPMorgan Chase & Co. to pay $6 billion to resolve claims it misrepresented the quality of mortgage-backed securities it sold to Fannie Mae and Freddie Mac before the 2008 financial crisis, according to a news report.
August 15, 2013
Directors and officers of several large banks facing lawsuits from the Federal Housing Finance Agency over alleged false statements on mortgage securities sold to Fannie Mae and Freddie Mac asked a judge on Tuesday to dismiss claims against them because they did not sign relevant documents.
November 05, 2012
A New York federal judge on Monday greenlighted much of a suit accusing JPMorgan Chase & Co. of lying to Fannie Mae and Freddie Mac about the quality of $33 billion in mortgage-backed securities, saying the federal government had backed up most of its claims.
December 13, 2011
A New York federal judge on Monday rejected the lead case selected by Wall Street banks looking to dismiss the U.S. government's allegations that they lied to Fannie Mae and Freddie Mac about the quality of tens of billions of dollars' worth of residential mortgage-backed securities.