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Federal Housing Finance Agency: Difference between revisions
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The Federal Housing Finance Agency initiated litigation against 18 financial institutions involving allegations of securities law violations and, in some instances, fraud in the sale of private-label securities (PLS) to Fannie Mae and Freddie Mac. | The Federal Housing Finance Agency initiated litigation against 18 financial institutions involving allegations of securities law violations and, in some instances, fraud in the sale of private-label securities (PLS) to Fannie Mae and Freddie Mac. | ||
Below is a list of the cases, with amounts of any settlements reached in 2013 and 2014.<ref>FHFA [http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFAs-Update-on-Private-Label-Securities-Actions.aspx] {{Webarchive|url=https://web.archive.org/web/20150322234405/http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFAs-Update-on-Private-Label-Securities-Actions.aspx|date=2015-03-22}} Press release</ref><ref>{{Cite news |url=https://www.reuters.com/article/fhfa-lawsuits-sampling-idUSL1E8N408C20121204 |title=FHFA lawsuits |newspaper= | Below is a list of the cases, with amounts of any settlements reached in 2013 and 2014.<ref>FHFA [http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFAs-Update-on-Private-Label-Securities-Actions.aspx] {{Webarchive|url=https://web.archive.org/web/20150322234405/http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFAs-Update-on-Private-Label-Securities-Actions.aspx|date=2015-03-22}} Press release</ref><ref>{{Cite news |url=https://www.reuters.com/article/fhfa-lawsuits-sampling-idUSL1E8N408C20121204 |title=FHFA lawsuits |newspaper=Reuters|date=4 December 2012 |access-date=2021-07-05 |archive-date=2022-04-08 |archive-url=https://web.archive.org/web/20220408144424/https://www.reuters.com/article/fhfa-lawsuits-sampling-idUSL1E8N408C20121204 |url-status=live }}</ref> | ||
<ref>Justice department [https://www.justice.gov/iso/opa/resources/61620131119191331856335.pdf] {{Webarchive|url=https://web.archive.org/web/20201028112133/https://www.justice.gov/iso/opa/resources/61620131119191331856335.pdf|date=2020-10-28}} settlement agreement</ref> | <ref>Justice department [https://www.justice.gov/iso/opa/resources/61620131119191331856335.pdf] {{Webarchive|url=https://web.archive.org/web/20201028112133/https://www.justice.gov/iso/opa/resources/61620131119191331856335.pdf|date=2020-10-28}} settlement agreement</ref> | ||
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<ref name="nyt17suits">{{cite news | url=https://www.nytimes.com/2011/09/03/business/bank-suits-over-mortgages-are-filed.html | title=Federal Regulators Sue Big Banks Over Mortgages | work=The New York Times | date=Sep 3, 2011 | access-date=Sep 6, 2011 | last1=Schwartz | first1=Nelson D. | last2=Roose | first2=Kevin | archive-date=December 20, 2011 | archive-url=https://web.archive.org/web/20111220041312/http://www.nytimes.com/2011/09/03/business/bank-suits-over-mortgages-are-filed.html | url-status=live }}</ref> | <ref name="nyt17suits">{{cite news | url=https://www.nytimes.com/2011/09/03/business/bank-suits-over-mortgages-are-filed.html | title=Federal Regulators Sue Big Banks Over Mortgages | work=The New York Times | date=Sep 3, 2011 | access-date=Sep 6, 2011 | last1=Schwartz | first1=Nelson D. | last2=Roose | first2=Kevin | archive-date=December 20, 2011 | archive-url=https://web.archive.org/web/20111220041312/http://www.nytimes.com/2011/09/03/business/bank-suits-over-mortgages-are-filed.html | url-status=live }}</ref> | ||
<ref name="salon17suits">{{cite news | url=http://www.salon.com/news/mortgage_crisis/index.html?story=%2Ftech%2Fhtww%2F2011%2F09%2F06%2Ffhfa_lawsuit_against_banks | title=The bungled politics of bank bashing | work=[[Salon.com|Salon]] | date=Sep 6, 2011 | access-date=Sep 6, 2011 | last=Leonard | first=Andrew | archive-date=September 7, 2011 | archive-url=https://web.archive.org/web/20110907115505/http://www.salon.com/news/mortgage_crisis/index.html?story=%2Ftech%2Fhtww%2F2011%2F09%2F06%2Ffhfa_lawsuit_against_banks | url-status=live }}</ref> | <ref name="salon17suits">{{cite news | url=http://www.salon.com/news/mortgage_crisis/index.html?story=%2Ftech%2Fhtww%2F2011%2F09%2F06%2Ffhfa_lawsuit_against_banks | title=The bungled politics of bank bashing | work=[[Salon.com|Salon]] | date=Sep 6, 2011 | access-date=Sep 6, 2011 | last=Leonard | first=Andrew | archive-date=September 7, 2011 | archive-url=https://web.archive.org/web/20110907115505/http://www.salon.com/news/mortgage_crisis/index.html?story=%2Ftech%2Fhtww%2F2011%2F09%2F06%2Ffhfa_lawsuit_against_banks | url-status=live }}</ref> | ||
<ref name="salmontable">{{cite web | url=http://blogs.reuters.com/felix-salmon/2011/09/03/the-fhfa-lawsuit-league-table/ | archive-url=https://web.archive.org/web/20111017175716/http://blogs.reuters.com/felix-salmon/2011/09/03/the-fhfa-lawsuit-league-table/ | url-status=dead | archive-date=October 17, 2011 | title=The FHFA lawsuit league table | publisher= | <ref name="salmontable">{{cite web | url=http://blogs.reuters.com/felix-salmon/2011/09/03/the-fhfa-lawsuit-league-table/ | archive-url=https://web.archive.org/web/20111017175716/http://blogs.reuters.com/felix-salmon/2011/09/03/the-fhfa-lawsuit-league-table/ | url-status=dead | archive-date=October 17, 2011 | title=The FHFA lawsuit league table | publisher=Reuters | work=Felix Salmon Blog | date=Sep 2, 2011 | access-date=Sep 6, 2011 | last=Salmon |first=Felix}}</ref> | ||
<ref name="Slate2021-06-24">{{Cite web |last=Stern |first=Mark Joseph |date=2021-06-24 |title=A Scheme to Blow Up the Housing Market Backfired Spectacularly at the Supreme Court |url=https://slate.com/news-and-politics/2021/06/collins-yellen-supreme-court-fhfa-backfire.html |access-date=2021-06-25 |website=[[Slate (magazine)|Slate]] |language=en |archive-date=2021-06-25 |archive-url=https://web.archive.org/web/20210625000141/https://slate.com/news-and-politics/2021/06/collins-yellen-supreme-court-fhfa-backfire.html |url-status=live }}</ref> | <ref name="Slate2021-06-24">{{Cite web |last=Stern |first=Mark Joseph |date=2021-06-24 |title=A Scheme to Blow Up the Housing Market Backfired Spectacularly at the Supreme Court |url=https://slate.com/news-and-politics/2021/06/collins-yellen-supreme-court-fhfa-backfire.html |access-date=2021-06-25 |website=[[Slate (magazine)|Slate]] |language=en |archive-date=2021-06-25 |archive-url=https://web.archive.org/web/20210625000141/https://slate.com/news-and-politics/2021/06/collins-yellen-supreme-court-fhfa-backfire.html |url-status=live }}</ref> | ||
<ref name="USTreasury2008-09-07">{{cite press release |url=https://www.treasury.gov/press-center/press-releases/Pages/20089711172217483.aspx |title=Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers |date=September 7, 2008 |publisher=U.S. Dept of Treasury |access-date=2021-06-25 |archive-date=2021-06-25 |archive-url=https://web.archive.org/web/20210625185926/https://www.treasury.gov/press-center/press-releases/Pages/20089711172217483.aspx |url-status=live }}</ref> | <ref name="USTreasury2008-09-07">{{cite press release |url=https://www.treasury.gov/press-center/press-releases/Pages/20089711172217483.aspx |title=Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers |date=September 7, 2008 |publisher=U.S. Dept of Treasury |access-date=2021-06-25 |archive-date=2021-06-25 |archive-url=https://web.archive.org/web/20210625185926/https://www.treasury.gov/press-center/press-releases/Pages/20089711172217483.aspx |url-status=live }}</ref> | ||