HSBC reportedly settles FHFA mortgage claims

• HSBC looks like it's become the 16th lender to settle mortgage claims with the FHFA as Bloomberg reports the bank will pay as much as $600M over soured MBS.
• The FHFA filed 18 lawsuits in 2011 over about $200B in MBS. If HSBC does settle, it would leave Nomura as the lone bank not yet coming to terms with the agency (Goldman last month became #15 to settle).