Calif. AG sues Fannie, Freddie on foreclosures
The two own otherwise certification approaching semi of U.S. mortgages, before not quite 31 million loans. The companies hold so far cost American taxpayers added than $150 billion — the biggest bailout of the monetary emergency. They might cost up to $259 billion, according to the FHFA. Two earlier CEOs by Fannie Mae and Freddie Mac final week became the highest-profile those to transpire charged featuring in connection with the 2008 fiscal calamity.