FHFA Issues 64 Subpoenas for Documents on GSE Investments in Private-Label Mortgage Securities

摘要

The Federal Housing Finance Agency (FHFA), acting as conservator for Fannie Mae and Freddie Mac, has issued 64 subpoenas to various entities seeking documentsrnrelated to private-label mortgage-backed securities (PLS) in which the two government-sponsored enterprises (GSEs) invested.rnAccording to the FHFA, the documents will enable it to determine whether PLS issuers and others are liable for losses suffered by the GSEs on the private-label securities. Any funds recouped through a finding of liability would be used to offset payments by the Treasury Department to the GSEs.