Credit Suisse Settles With Fannie Mae, Freddie Mac For $885M – ValueWalk Premium
Credit Suisse

Credit Suisse Settles With Fannie Mae, Freddie Mac For $885M

Credit Suisse Group AG (NYSE:CS) will pay $651 million to Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and $234 million to Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) to settle lawsuits with the Federal Housing Finance Agency over $16.6 billion in mortgages sold to the government sponsored enterprises (GSE) ahead of the financial crisis, report Elena Logutenkova and Jeffrey Vögeli for Bloomberg. Credit Suisse will post $312 million worth of . . .

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