Fannie, Freddie Losses Over $200B MBS Not Fraud, Banks Say

By Linda Chiem · July 16, 2012, 8:27 PM EDT

Wall Street banks accused of lying to Fannie Mae and Freddie Mac about the quality of $200 billion in residential mortgage backed securities urged a federal court Friday to dismiss the...

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Case Information

Case Title

Federal Housing Finance Agency, as Conservator for the Federal Home Loan Mortgage Coporation v. Ally Financial Inc. et al

Case Number

1:11-cv-07010

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

October 06, 2011