FHFA News Release: $200 Billion in Recovery Excessive

Washington, DC - The FHFA is seeking financial recovery from recently filed lawsuits according to its press release today. It went on to say, "at this time, it would be premature and potentially misleading to estimate the size of any potential recoveries" and that "press reports that FHFA is seeking nearly $200 billion in damage are excessive."

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Comment by Jeff Payne on September 7, 2011 at 3:10am: Do you think that this could open the door for taxpayers to sue Fannie Mae and Freddie Mac when we catch them making bad business decisions with short sales. Seems to me that if we could prove that they lost money with a foreclosure vs a short sale, we may have a case?

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