In another illustration of the very limited success plaintiffs are having litigating to recoup their losses from the collapse of the housing market, Freddie Mac and three former top executives at the GSE last week won the dismissal of a putative class-action securities lawsuit initiated against the company and the officials in federal court back in 2008...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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