This story appeared in Bank Digest.
The Federal Housing Finance Agency, as conservator of Fannie Mae and Freddie Mac, announced that it has reached a settlement with Credit Suisse for $885 million. The settlement resolves all claims in the lawsuit FHFA v. Credit Suisse, et al., as well as all claims against the Credit Suisse defendant in FHFA v. Ally Financial Inc., et al., alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac during 2005-2007.
Continue reading "FHFA announces $885 million settlement with Credit Suisse" »