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. Agreement with Freddie Mac marks another important milestone “Today’s agreement with Freddie Mac/Federal Home Loan Mortgage Corp (OTCBB:FMCC) marks another important milestone in successfully resolving Citi’s remaining legacy mortgage issues,” said CitiMortgage CEO Jane Fraser. When banks sell mortgages to Fannie Mae and Freddie Mac, they make guarantees about…
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