FHFA says it's premature to estimate damages from banks

09/7/2011 | Bloomberg Businessweek · Thomson Reuters

The Federal Housing Finance Agency sued 17 banks over mortgage-backed securities they sold to Fannie Mae and Freddie Mac, but the regulator said it's too early to estimate damages in the cases. The FHFA also said published estimates of about $200 billion are "excessive."

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Bloomberg Businessweek · Thomson Reuters

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