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

JPMorgan, Goldman Sachs next on earnings’ horizon Separately, JPMorgan pegs the chances of a second-half recession at 40%, up from 25% a month ago, while Goldman Sachs has lowered its second-half growth forecast by 0.5 percentage points to 2%.

US banking giant citigroup wednesday announced an agreement to pay Freddie Mac $395 million to settle claims of potential flaws in millions of mortgages it sold Freddie. Wednesday’s settlement covers potential future claims on 3.7 million loans sold to the quasi-public Freddie between 2000 and 2012, a period that includes the housing boom.

(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.

(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.

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.

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.

NEW YORK (MarketWatch) — Citigroup Inc. C, -3.59% said late Wednesday that it will pay $395 million to Freddie Mac to settle accusations that the bank misrepresented mortgage-backed securities.

(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.

Citigroup agreed to pay $7 billion to settle charges that it packaged bad. and $500 million going to five states and the Federal Deposit insurance corp.. mortgage lenders fannie Mae and Freddie Mac, as well other.

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Rental Markets: A Sign of Strength (Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential. July to pay $968 million to settle similar claims by Fannie Mae, the largest.

Sept 25 (Reuters) – 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.

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