As conservator of Fannie Mae and Freddie Mac, theFederal Housing Finance Agency (FHFA), recovered nearly $8 billion on behalf of taxpayers in 2013 through settlements with financial institutions.
FHFA sued 18
financial institutions in 2011 alleging violations of the federal
Securities Act of 1933 and in some cases, alleging fraudulent activity,
related to sales of private-label mortgage-backed securities to Fannie
and Freddie between 2005 and 2007.
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