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

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

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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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