BRIEF-US appeals court lets FHFA pursue case vs UBS over Fannie, Freddie losses

April 5 Fri Apr 5, 2013 10:10am EDT

April 5 (Reuters) - * U.S. appeals court rejects UBS AG bid to dismiss fhfa lawsuit over

fannie mae, freddie mac mortgage losses -- court ruling * 2nd U.S. circuit court of appeals says fhfa has standing to bring the lawsuit * 2nd U.S. circuit court of appeals says fhfa lawsuit is timely because it

began within 3 years after fhfa became conservator for fannie, freddie

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