Citi Settles With Freddie Mac For $395 Million
Citigroup Inc (NYSE:C) has reached a $395 million settlement with Freddie Mac/Federal Home Loan Mortgage Corp (OTCBB:FMCC) regarding 3.7 million mortgages that it sold to Freddie Mac through 2012. Citigroup Inc (NYSE:C) previously settled a similar claim with Fannie Mae/Federal National Mortgage Association (OTCBB:FNMA) for $968 million last July, reports Jonathan Stempel for Reuters.
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