Citigroup to pay Freddie Mac $395 million to resolve mortgage claims

MCLEAN, VA–(Marketwired – Oct 1, 2013) – Freddie Mac ( OTCQB : FMCC ) today announced that it has entered into agreements with three financial institutions concerning Freddie Mac’s claims.

""Citigroup. future repurchase claims on millions of loans sold to the GSE in the last decade. According to a release from Citi, the bank will pay Freddie Mac $395 million, all of which is covered.

UBS AG, Switzerland’s largest bank, agreed in July to pay $885 million to settle claims it misrepresented. of third-party mortgage bonds sold to Fannie Mae and Freddie Mac. UBS was the third bank.

Citigroup Inc., the third-largest U.S. bank by assets, will pay fannie mae $968 million to compensate the taxpayer-backed mortgage buyer for more. The settlement doesn’t resolve any claims from.

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Wells Fargo bank says it will pay $US869 million ($A934.36 million) to Freddie Mac to settle claims. mortgage company. In a short statement issued on Monday night, the California based bank said.

NEW YORK (AP) – Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential. during the U.S. housing boom. Mortgage giants fannie mae and.

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WASHINGTON (Reuters) – Citigroup Inc. to taxpayer-owned Fannie Mae and Freddie Mac. in mortgage-backed securities. Six institutions have since settled the accusations. GE and Citi.

On Wednesday, Citigroup Inc. ( C) announced a settlement with Freddie Mac ( FMCC) worth about $395 million. The settlement includes the resolution of all outstanding and potential repurchase claims.

US banking giant Citigroup Wednesday announced an agreement to pay freddie mac 5 million. with its existing mortgage repurchase reserves. banks must make representations to Freddie about the.

In 2003, Citigroup paid $145 million in fines and penalties to settle claims by the. to resolve a federal investigation into the sale of subprime mortgages, the bank’s. to pay Freddie Mac $395 million to settle claims it sold it toxic mortgages.

NEW YORK (AP) — Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential. during the U.S. housing boom. Mortgage giants Fannie Mae and.

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A third financial institution has come to an agreement with Freddie Mac to resolve claims that it issued problematic. Besides SunTrust, Wells Fargo will pay the GSE $869 million, while CitiMortgage.