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.
The Bank of America settlement concerned Freddie Mac's claims. and Citigroup settled for $395 million to resolve mortgage repurchase.
· Citigroup Announces Agreement with Freddie Mac to Resolve Potential Future mortgage repurchase claims agreement covers loans originated between 2000 and 2012 NEW YORK–(BUSINESS WIRE)–
The settlement, reached Friday, would resolve virtually all repurchase. five days after Citigroup agreed to pay Freddie, the government-controlled mortgage company, $395 million to settle similar claims over about 3.7 million.
(Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012. Citigroup, the third-largest U.S. bank, said the settlement also covers potential future claims arising from the loans bought by Freddie Mac, a large purchaser and guarantor of.
NEW YORK, Sep 25, 2013 (BUSINESS WIRE) — Citigroup today announced an agreement with Freddie Mac to resolve potential future repurchase claims for breaches of representations and warranties on 3.
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· By Jonathan Stempel Sept 30 (Reuters) – Wells Fargo & Co said on Monday it will pay $780 million in cash to Freddie Mac to resolve substantiall.
Wells Fargo announced the settlement five days after Citigroup Inc agreed to pay Freddie Mac $395 million to settle similar claims over roughly 3.7 million mortgages sold from 2000 to 2012. Citigroup is the third-largest U.S. bank by assets, while Wells Fargo ranks fourth.
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· (Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012.
CNBC’s Kate Kelly reports Citigroup is to pay Freddie Mac $395 million to resolve future mortgage repurchase claims.
Citigroup, the third-largest U.S. bank, agreed to pay Freddie Mac $395 million to resolve potential future repurchase claims tied to mortgages. The accord covers about 3.7 million loans sold to.
Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims on potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000.