The regulator overseeing Fannie Mae and Freddie Mac today sued many of the country’s biggest banks, claiming the government-owned entities were duped into buying tens of billions of dollars in mortgage securities that went south.
In a news release, the FHFA detailed the banks it is suing. And its filings also detail the amount of mortgage securities Fannie and/or Freddie purchased that these banks sold, underwritten or otherwise were involved in.
Ally Financial (ex-GMAC), $6 billion
Bank of America Corp., $6 billion
Barclays Bank, $4.9 billion
Citigroup, $3.5 billion
Countrywide, $26.6 billion
Credit Suisse Holdings USA, $14.1 billion
Deutsche Bank, $14.2 billion
First Horizon National, $883 million
General Electric, $549 million
Goldman Sachs, $11.1 billion
HSBC North America, $6.2 billion
J.P. Morgan Chase, $33 billion
Merrill Lynch/First Franklin Financial, $24.853 billion
Morgan Stanley, $10.58 billion
Nomura Holding America Inc., $2 billion
Royal Bank of Scotland Group, $30.4 billion
Societe Generale, $1.3 billion
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