Excerpt:
The FHFA alleges these institutions, their executives and some lead underwriters violated federal securities laws, violated common law, failed to conduct proper due diligence and provided allegedly false information when selling these products.
What the FHFA seeks in recovery will not equal what the GSEs paid for the MBS sold. However, in each suit, the FHFA disclosed how much Fannie and Freddie bought from each particular bank and subsidiary in the case of BofA.
* JPMorgan Chase: $33 billion
* RBS: $30.4 billion
* Countrywide: $26.6 billion
* Merrill Lynch: $24.8 billion
* Deutsche Bank: $14.2 billion
* Credit Suisse: $14.1 billion
* Goldman: $11.1 billion
* Morgan Stanley: $10.5 billion
* HSBC: $6.2 billion
* Bank of America: $6 billion
* BarCap: $4.9 billion
* Citi: $3.5 billion
* Nomura: $2 billion
* Société Générale: $1.3 billion
* First Horizon: $883 million
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