PPP KINGDOM

PPP KINGDOM

YOUR GUIDE TO THE MASSIVE FHA LAWSUIT AGAINST BANKS

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On Friday, the Federal Housing Finance Agency filed suit against 17 banks and over 130 executives for their involvement in selling mortgage securities to Fannie Mae and Freddie Mac that later soured.

Fannie Mae

The lawsuits, which the FHFA has painstakingly built for years, detail multiple instances where material information about the securities were allegedly withheld from the government-backed mortgage agencies.

http://www.businessinsider.com/youre-guide-to-the-fhfa-bank-lawsuits-2011-9#the-numbers-1

Best Regards,

FINANCIAL WARRIOR

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