UBS To Settle FHFA’s MBS Suit For $885 Mln

29 Jul 2013

UBS has agreed to pay the U.S. Federal Housing Finance Agency $885 million to settle charges that the U.K. bank misrepresented the quality of the loans underlying billions of dollars in residential mortgage-backed securities to Fannie Mae and Freddie Mac during the financial crisis.

UBS has agreed to pay the U.S. Federal Housing Finance Agency $885 million to settle charges that the U.K. bank misrepresented the quality of the loans underlying billions of dollars in residential mortgage-backed securities to Fannie Mae and Freddie Mac during the financial crisis.

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