Posted To: MND NewsWire The Federal Home Financing Agency (FHFA), apparently stung by the coverage of its lawsuits it against 17 banks and a number of their executive officers, has issued a clarification of the goals and rational behind those suits . The suits which were filed last Friday seek damages on behalf of Freddie Mac and Fannie Mae (the GSEs) for losses arising out of their purchase of dozens of private label securities (PLS) backed by residential mortgages which were issued by the 17 banks
FHFA Seeks to Amend Press Coverage of Lawsuits
September 7, 2011 by
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