- 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).
HSBC reportedly settles FHFA mortgage claims
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