When the Federal Housing Finance Agency (FHFA) late Friday unveiled its $200 billion lawsuit against investment banking firms that sold faulty MBS to Fannie Mae and Freddie Mac, it also targeted executives who signed the original shelf registration documents on the securities in question.

In the case of Countrywide Financial Corp. (CFC), that means FHFA (at this time) is not pursuing claims against company founder and chairman Angelo Mozilo, but instead is suing former CFC executives such as Stanford Kurland, Eric Sieracki, and David Spector.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.