FHFA's subpoenas will reveal billions in bad mortgages, an analyst says

07/21/2010 | Bloomberg

The Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, might be able to find as much as $30 billion in debt that the mortgage giants can require sellers to repurchase, analyst Joshua Rosner said. The debt is included in mortgage bonds. The agency issued dozens of subpoenas to obtain documents related to nonagency mortgage securities that Fannie and Freddie bought.

View Full Article in:

Bloomberg

Published in Brief: