Fifth Third and Freddie resolve mortgage repurchase claims


After paid claim credits and other adjustments, Fifth Third (FITB) will pay $25M in cash to Freddie Mac (FMCC) to resolve certain repurchase claims on mortgages originated and sold prior to Jan. 1, 2009. The bank's rep and warranty reserves are "fully sufficient" to cover the payment amount.

From other sites
Comments (1)
  • DeepValueLover
    , contributor
    Comments (11220) | Send Message
     
    ...and that money will flow right through to congress.
    25 Nov 2013, 09:43 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs