U.S. judge says FHFA cases against banks can proceed

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U.S. judge says FHFA cases against banks can proceed

U.S. judge says FHFA cases against banks can proceed

Reuters-

A U.S. judge kept alive a federal regulator’s lawsuits against big banks including Credit Suisse Group AG and Bank of America Corp over allegations they misled Fannie Mae and Freddie Mac into purchasing billions of dollars worth of risky mortgage debt.

The rulings, by U.S. District Judge Denise Cote in Manhattan, were the latest in a series of decisions allowing the Federal Housing Finance Agency to proceed with lawsuits against banks it blames for losses incurred by Fannie and Freddie.

[REUTERS]

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One Response to “U.S. judge says FHFA cases against banks can proceed”

  1. JIMI says:

    keep the presure on bank of america banksters that still robo sign
    and froclouse by fraud on homeowners all over america right this
    min.

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