Freddie Mac will recover an additional $2.2B-$3.4B from banks over soured mortgages after...

|By:, SA News Editor

Freddie Mac will recover an additional $2.2B-$3.4B from banks over soured mortgages after scrutinizing the way it had originally assessed loans that were candidates for repurchase requests. Freddie had reached a $1.35B settlement with BofA (BAC) in January 2011 over the issue, but undertook the review at the behest of the FHFA inspector general, who found Freddie's original methodology lacking.