Wells Fargo & Co (NYSE:WFC) agreed with Freddie Mac/Federal Home Loan Mortgage Corp (OTCBB:FMCC) to settle $780 million to resolve the repurchase claims on faulty mortgage loans. The largest U.S. home lender, Wells Fargo & Co (NYSE:WFC)’s settlement with the mortgage giant totaled $869 million before adjusting for credits related to prior loan repurchases. Similar Settlement Deal By Citi Last week, Citigroup Inc (NYSE:C) 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 for $968…
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