FHFA Settles with JPMorgan, Ally, Wells Fargo Over MBS Lawsuits
November 8, 2013
The Federal Housing Finance Agency spent the last two weeks racking up several legal settlements in its massive litigation action against some of the nations financial institutions. Look for more to come predict industry analysts. On Oct. 25, JPMorgan Chase agreed to pay $4.0 billon to settle claims on $33.8 billion of non-agency mortgage-backed securities purchased by Fannie Mae and Freddie Mac.