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FHFA tallies nearly $8B in settlements for 2013
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Securitization
Saturday, January 4, 2014
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The agency charged with overseeing Fannie Mae and Freddie Mac recovered nearly $8 billion in 2013 through settlements with firms that sold the private-label securities to the government sponsored enterprises between 2005 and 2007. The Federal Housing Finance Agency sued 18 financial institutions in 2011 and settled six of those cases in 2013. Read on for the details.
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