Fannie (FNMA) Plans $675M Bond Offering (FMCC)
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Citigroup (C) Will Pay $395M for Future Claims on Loans Sold to Freddie (FMCC)
September 25, 2013 4:18 PM EDT(Updated - September 25, 2013 4:21 PM EDT)
Citigroup (NYSE: C) announced an agreement with Freddie Mac (OTCBB: FMCC) to resolve potential future repurchase claims for breaches of representations and warranties on 3.7 million loans sold to Freddie Mac between 2000 and 2012 (Included Loans). Citi agreed to pay... More
JPMorgan (JPM) Looks to Settle MBS, Subprime Mortgage Allegations for $3B; Could Pay More
September 25, 2013 6:53 AM EDTJPMorgan (NYSE: JPM), the U.S. Department of Justice (DoJ), the Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA), and the New York attorney general's office are said to have entered a settlement agreement over allegations that the bank misled investors over the sale of subprime mortgages
According to reports out Tuesday night, JPMorgan has offered to pay... More
