GE settles (no terms announced) a FHFA lawsuit accusing it of misleading Freddie Mac into buying...

|By:, SA News Editor
GE settles (no terms announced) a FHFA lawsuit accusing it of misleading Freddie Mac into buying $549M of MBS during the housing boom. The settlement is the first in a series of suits brought by the FHFA against last cycle's big lenders. The bid daddies here are the suits against BofA (BAC) and JPM. Look for settlements over the next year.