The mortgage giant Freddie Mac has reached new settlements with three large banks for the sale of toxic mortgages. Wells Fargo, Citigroup and SunTrust Banks will pay a combined $1.3 billion to resolve claims around misrepresenting the quality of home loans that were bundled into securities.
Banks to Pay $1.3 Billion Mortgage Settlement to Freddie Mac
HeadlineOct 03, 2013