Wells Fargo, Freddie Mac In $780 Million Mortgage Settlement Claims

Mani

Published onOctober 1, 2013

Updated on May 13, 2021

Wells Fargo & Co (NYSE:WFC) agreed with Freddie Mac/Federal Home Loan Mortgage Corp (OTCBB:FMCC) to settle $780 million to resolve the repurchase claims on faulty mortgage loans.

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The largest U.S. home lender, Wells Fargo & Co (NYSE:WFC)’s settlement with the mortgage giant totaled $869 million before adjusting for credits related to prior loan repurchases.

Similar Settlement Deal By Citi

Last week, Citigroup Inc (NYSE:C) reached a $395 million settlement with Freddie Mac/Federal Home Loan Mortgage Corp (OTCBB:FMCC) regarding 3.7 million...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Wells Fargo, Freddie Mac In $780 Million Mortgage Settlement Claims

Similar Settlement Deal By Citi

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