The Federal Housing Finance Agency (FHFA has released details - TopicsExpress

The Federal Housing Finance Agency (FHFA has released details about its portion of the $13 billion settlement with JP Morgan Chase (JPM)announced last week by the U.S. Department of Justice. The suit resolves several claims of alleged violations of federal and statesecurities laws in connection with private-label residential mortgage-backed securities purchased by Freddie Mac and Fannie Mae (the GSEs) in the years leading up to the financial crisis. The GSEs will receive $4 billion from the suit, $2.74 billion of which will go to Freddie Mac and $1.26 billion to Fannie Mae

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