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 the settlement after taxes on its 4Q13 earnings for a revised loss of about $9 million for the quarter. Credit Suisse down 1.5% Credit Suisse…
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