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Tuesday, March 20, 2018
mortgage-backed securities

Feds Sue Big Banks Over Mortgage-Backed Securities

NEW YORK (AP) — The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed. Among those targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase […]

September 3, 2011