Specifically, Sen. Warren says she wants information on seller/servicers that were granted price breaks and the basis for granting more favorable terms.
According to the Department of Housing and Urban Development, FHA has nearly exhausted its $25 billion authority for FY 2013 to insure multifamily, risk share and health care programs.
The SEC said the deal has taken nearly $70 million in losses the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.