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Wells Fargo Settles Million Dollar Bond Suit

Mortgage News > Wells Fargo Settles Million Dollar Bond Suit
Date: 11/07/2013    Wells Fargo Settles Million Dollar Bond Suit

Wells Fargo settled a multi-million dollar lawsuit with Freddie Mac and the Federal Housing Finance Agency.

Freddie Mac stated they allegedly received mortgage bonds from Wells Fargo containing false information. Wells Fargo agreed to a $335 million dollar settlement that included additional legal matters with Fannie Mae and the FHFA from the first quarter.

This $335 million is in addition to a “$869 million settlement with Freddie Mac over repurchase liabilities in September” according to Reuters.
 

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