Wells Fargo, Freddie Mac Strike $869M Deal Over Loan Claims
The bank said the deal, which the parties reached Friday, resolves substantially all repurchase liabilities related to loans sold to Freddie Mac before Jan. 1, 2009, according to a statement issued Monday.
The deal was adjusted for credits involving prior repurchases, thus amounting to a cash payment of roughly $780 million to Freddie Mac. Wells Fargo...
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