Fannie Mae and Freddie Mac may have lost more than $3B as a result of Libor-rigging (UBS...

|About: UBS Group AG (UBS)|By:, SA News Editor

Fannie Mae and Freddie Mac may have lost more than $3B as a result of Libor-rigging (UBS settlement earlier), according to an FHFA report, which urges the GSEs to sue the banks involved. The companies have begun exploring legal options.