Federal Housing Finance Agency as Conservator for the Federal National Mortgage Association et al v. Goldman, Sachs & Co. et al

  1. August 22, 2014

    Goldman To Pay $3B To Settle FHFA's Toxic-MBS Suit

    Goldman Sachs & Co. said Friday that it has agreed to pay more than $3 billion to settle the Federal Housing Finance Agency's claims that it knowingly sold Fannie Mae and Freddie Mac toxic mortgage-backed securities in the run-up to the housing market collapse in 2007.

  2. August 19, 2014

    FHFA Continues Attack On Goldman's Due-Diligence Defense

    The Federal Housing Finance Agency pressed a New York federal court Tuesday to end two key defenses Goldman Sachs & Co. has offered in a suit accusing the investment bank of knowingly selling Fannie Mae and Freddie Mac toxic mortgage-backed securities, saying Goldman can't appeal to "industry standards."

  3. August 04, 2014

    Goldman Says It Exercised Care In Selling Disputed RMBS

    Goldman Sachs & Co. on Friday hit back at the Federal Housing Finance Agency's bid to extinguish its due diligence and reasonable care defenses in a New York federal suit alleging the bank knowingly sold billions of dollars of toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac.

  4. July 28, 2014

    Goldman Sachs In Talks To Settle FHFA Suit Over MBS Losses

    Goldman Sachs & Co. is in talks to settle a lawsuit brought by the Federal Housing Finance Agency alleging it knowingly sold billions of dollars of toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac, a person familiar with the matter said on Monday.

  5. July 10, 2014

    FHFA Fights To Save Goldman Suit Despite High Court Ruling

    The Federal Housing Finance Agency urged a New York federal judge on Wednesday to keep alive litigation alleging Goldman Sachs & Co. knowingly sold toxic mortgage-backed securities to Fannie Mae, saying a recent Supreme Court decision narrowing statutes of limitations does not apply.

  6. June 04, 2014

    Goldman Says Fannie, Freddie Knew $11B In MBS Were Toxic

    Goldman Sachs & Co. Inc. on Tuesday told a New York federal judge that there was "ample evidence" that Fannie Mae and Freddie Mac were aware of major defects in $11 billion worth of toxic mortgage-backed securities it bought from the bank.

  7. May 06, 2014

    Fannie, Freddie Didn't Know MBS Loans Were Toxic: FHFA

    Fannie Mae and Freddie Mac didn't know of the falsity of misrepresentations that banks made when selling them toxic mortgage-backed securities before the financial crisis, the Federal Housing Finance Agency claimed in court documents publicly filed Tuesday.

  8. January 09, 2014

    Countrywide Docs Restricted In NY RMBS Fraud Actions

    A federal judge on Wednesday made clear that parties in the Federal Housing Finance Agency's coordinated suits pending in New York, which accuse Bank of America Corp. and others of misrepresenting billions of dollars in residential mortgage-backed securities, may not use documents produced in a related California action involving Countrywide Financial Corp.

  9. November 13, 2012

    Goldman, Deutsche Bank Can't Escape FHFA RMBS Fraud Suits

    A New York federal judge on Monday refused to dismiss two Federal Housing Finance Agency suits accusing Goldman Sachs & Co. and Deutsche Bank AG of misrepresenting billions of dollars in residential mortgage-backed securities, saying the agency had properly backed its allegations.