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Federal Housing Finance Agency v. Wells Fargo Securities, LLC
Case Number:
1:19-cv-05207
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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June 18, 2019
FHFA, Wells Fargo Agree To Put Suit Over $1B RMBS On Hold
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.
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June 04, 2019
FHFA Sues Wells Fargo Over $1B In Mortgage Bonds
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.