June 18, 2019
The Federal Housing Finance Agency has agreed to pause its lawsuit against Wells Fargo over $1 billion in pre-crisis residential mortgage-backed securities purchased by Freddie Mac, a truce that means the agency will proceed first with its Second Circuit fight to have the case's claims excluded from a related $165 million settlement.
June 04, 2019
The Federal Housing Finance Agency sued Wells Fargo on Monday over $1 billion in residential mortgage-backed securities purchased by Freddie Mac more than a decade ago, opening up a new front in investor litigation over precrisis private-label securitizations tied to failed subprime lender NovaStar.