Judicial Watch has sued the Federal Housing Finance Agency (FHFA), claiming that the agency wrongfully denied a request for documents related to a lawsuit over alleged misrepresentations of MBS.

In the fall the conservative advocacy group, which promotes transparency in government, requested records about losses Fannie Mae and Freddie Mac sustained on private-label MBS they had purchased from 17 financial institutions. The group made the request through the Freedom of Information Act.

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