Wells Fargo Pays $335M To Settle Fannie, Freddie MBS Claims

Law360, Los Angeles (November 6, 2013, 4:09 PM EST) -- Wells Fargo & Co. has paid the Federal Housing Finance Agency roughly $335 million to settle claims that it sold toxic mortgage-backed securities to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, according to a Wednesday regulatory filing.

The bank's quarterly earnings report said it had paid a total of $335 million to Fannie Mae and Freddie Mac in first-quarter and third-quarter deals over MBS sales, respectively. The report, filed with the U.S. Securities and Exchange Commission, did not specify how much went...
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