May 06, 2014
Fannie Mae and Freddie Mac didn't know of the falsity of misrepresentations that banks made when selling them toxic mortgage-backed securities before the financial crisis, the Federal Housing Finance Agency claimed in court documents publicly filed Tuesday.
April 29, 2014
First Horizon National Corp. will pay $110 million to the Federal Housing Finance Agency to end a New York federal suit alleging the bank misrepresented mortgage-backed securities sold to Fannie Mae and Freddie Mac prior to the financial crisis, the FHFA announced Tuesday.