The Federal Housing Finance Agency’s residential mortgage-backed securities case against Barclays (BCS) has been limited in scope, Reuters reported this week.

It’s one of the major FHFA cases filed against the mega banks, with the conservator of Fannie Mae and Freddie Mac claiming Barclays mislead the GSEs about risky mortgages acquired by the government-sponsored enterprises.  

Reuters reports that Judge Denise Cote dismissed claims related to state securities laws in the Barclays case, but allowed other parts of the suit to move forward.

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