Judge keeps FHFA lawsuits against lenders alive

11/29/2012 | Reuters

U.S. District Judge Denise Cote ruled the Federal Housing Finance Agency can proceed with its lawsuits against Credit Suisse Group, Bank of America and other banking giants. The lawsuits allege the banks misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that led to huge losses for the housing finance giants. The banks have refuted the allegations.

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