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Volume 2010 - Number 33

August 20, 2010

Targeted Firms Cooperating in FHFA Inquiry but Still Open to Challenging Agency’s Subpoena Power

Defense attorneys say the Federal Housing Finance Agency’s inquiry into whether private issuers of mortgage securities misled Fannie Mae and Freddie Mac into making bad MBS investments could become a long, drawn-out and expensive process for the agency and the firms involved. So far, attorneys for the financial institutions that received subpoenas from the FHFA last month are...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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