FHFA Reponds to Reports of $3B Loss Related to LIBOR

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.”