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FHFA Reponds to Reports of $3B Loss Related to LIBOR
Posted to: MND NewsWire
Thursday, December 20, 2012 10:08 AM

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Following reports yesterday that Fannie Mae and Freddie Mac may have lost over $3 billion in the LIBOR scandal, FHFA issued the following statement:

“FHFA has not substantiated any particular LIBOR-related losses for Fannie Mae and Freddie Mac. We continue to evaluate issues associated with LIBOR and monitor LIBOR-related developments, recognizing that other Federal agencies are also involved in related matters.  FHFA has not made any determination regarding legal action.”




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