Quinn Emanuel, Kasowitz Lead FHFA's Assault on 17 Banks

No doubt this is the biggest litigation assault on the banks to date. The Federal Housing Finance Agency, which is the conservator for Fannie Mae and Freddie Mac, is seeking more than $190 billion total from the defendants. It claims they misrepresented the quality of loans bundled into residential mortgage-backed securities that were sold to Fannie and Freddie.

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