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Volume 14 - Number 5

March 7, 2014

Societe Generale Latest Defendant To Settle FHFA MBS Litigation

Yet another defendant in the Federal Housing Finance Agencyís massive litigation effort against some of the nationís largest lenders for bad mortgage-backed securities sales to Fannie Mae and Freddie Mac has settled. The FHFA announced last week that Societe Generale has agreed to pay $122 million to settle a suit by the Finance Agency regarding non-agency MBS purchased by the two GSEs during 2006.

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This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.



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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.