FHFA Mulls Litigation Against Insurance Providers – ValueWalk Premium
FHFA fannie mae loss ratio data 0614

FHFA Mulls Litigation Against Insurance Providers

The Federal Housing Finance Agency (FHFA) is considering litigation against mortgage lenders and insurance providers for allegedly colluding to overcharge Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) over the last few years.

“Our analysis suggests that the Enterprises have suffered considerable financial harm in the LPI market,” says a recent FHFA Office of Inspector General report. “We estimate that—in 2012 alone—the Enterprises’ combined financial harm amounted to $158 million due . . .

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