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On December 20, the Federal Housing Finance Agency announced it had reached a settlement for $1.925 billion with Deutsche Bank AG to resolve claims pending in the United States District Court for the Southern District of New York related to the sale of private-label RMBS between 2005 and 2007.
On December 20, the Federal Housing Finance Agency announced it
had reached a settlement for $1.925 billion with Deutsche Bank AG
to resolve claims pending in the United States District Court for
the Southern District of New York related to the sale of
private-label RMBS between 2005 and 2007. The FHFA asserted
claims for violations of federal and state securities laws on the
basis of allegedly false and misleading statements and omissions in
the registration statements and prospectuses of securities sold to
Freddie Mac and Fannie Mae. Press Release.
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