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

Citigroup agreed in July to pay $968 million to settle repurchase claims by Fannie Mae, while Bank of America Corp agreed in January to pay $3.6 billion. Freddie Mac did not immediately respond to a request for comment.

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#Citi "Citigroup To Pay Freddie mac 5 million To End Mortgage Claims" Citigroup Inc. (C), the third-biggest U.S. bank, agreed to pay Freddie Mac $395 million to resolve repurchase claims on soured mortgages sold to the government-backed firm over more than a decade.

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Citigroup to pay Freddie Mac $395 million on suspect mortgages. The deal follows an agreement by Citigroup in July to pay $968 million to settle similar claims by Fannie Mae, the largest U.S. mortgage finance company. Both Fannie Mae and Freddie Mac were bailed out by the federal government in 2008.

Citigroup Inc. has agreed to pay $395 million to Freddie Mac to resolve repurchase claims over some 3.7 million loans the bank had sold the mortgage giant from 2000 to 2012, Citigroup said Wednesday.

(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.

WASHINGTON (AP) – Citigroup Inc. has agreed to pay $395 million to Freddie Mac to settle claims on home loans it sold to the government-controlled mortgage finance company. Citi paying $395M to.

Citigroup agreed to pay government-backed mortgage-financing company Freddie Mac $395 million in compensation for problem mortgages, the company said on Wednesday. Citigroup, the third-largest US bank

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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)–

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SAC recently settled civil insider-trading charges with the SEC for $602 million. On Wednesday, Citigroup said it had agreed to pay $395 million to Freddie Mac to resolve issues in. s case against.

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