February 04, 2014
Morgan Stanley has agreed to pay $1.25 billion to settle a Federal Housing Finance Agency suit over toxic mortgage-backed securities sold to Fannie Mae and Freddie Mac, the company disclosed in a regulatory filing Tuesday.
December 05, 2012
A federal judge on Wednesday refused to reconsider two earlier decisions to keep certain claims against Credit Suisse Securities LLC in the Federal Housing Finance Agency's suit alleging the bank lied about the actual worth of billions in residential mortgage-backed securities.
November 21, 2012
A New York federal judge has trimmed claims by the Federal Housing Finance Agency against Morgan Stanley and others over alleged deception concerning the value of billions in residential mortgage-backed securities, finding certain fraud claims weren't specific enough.