Wells Fargo, Freddie Mac In $780 Million Mortgage Settlement Claims – ValueWalk Premium
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Wells Fargo, Freddie Mac In $780 Million Mortgage Settlement Claims

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

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