The Real Deal New York

More details emerge about the FHFA probe

July 13, 2010 04:30PM

The Federal Housing Finance Agency has sent a total of 64 subpoenas to
issuers of mortgage-backed securities, according to CNBC’s Diana Olick.
The move could hold several such issuers’ feet to the fire, if they are
found to have misrepresented the securities they marketed. The probe
also has the potential to enhance accountability in the mortgage
securities crisis.

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