January 23, 2013
General Electric Co. agreed Wednesday to settle the Federal Housing Finance Agency's suit accusing it of tricking Freddie Mac into buying $549 million of risky mortgage-backed securities.
December 04, 2012
A New York federal judge on Monday said the Federal Housing Finance Authority can use an expert's methodology to sample and evaluate mortgage loans in order to support its claims that major banks misrepresented the quality of billions in residential mortgage-backed securities.
November 08, 2011
The Federal Housing Finance Agency told a judge on Monday that Morgan Stanley & Co. and others were precluded from battling claims over $549 million in mortgage-backed securities in federal court, asking that the case be kicked back to New York state court.