Freddie Mac must face revived lawsuit over subprime exposure

Reuters- A federal appeals court on Wednesday revived Ohio’s lawsuit accusing Freddie Mac of defrauding the state’s $87.3 billion public pension fund by hiding its exposure to subprime and other risky mortgages prior to the 2007-09 financial crisis. The 6th U.S. Circuit Court of Appeals said a lower court judge erred in finding that the […]

Source: Stopforeclosurefraud – Freddie Mac must face revived lawsuit over subprime exposure

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