On November 6, Wells Fargo & Co. disclosed in a regulatory filing with the Securities and Exchange Commission that it settled claims by the Federal Housing Finance Agency (acting as.
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(AP) – Wells Fargo & Co. will pay $335 million to resolve claims that it allegedly misled Fannie Mae and Freddie Mac about risky mortgage securities that it sold them prior to the housing collapse.
Wells Fargo (WFC) paid $335 million to the Federal Housing Finance Agency to settle allegedly-misleading disclosures on mortgage-backed securities sold to Fannie Mae and Freddie Mac, the Wall Street.
FHFA further alleges that its claims are timely because of various tolling agreements entered into between FHFA, Freddie Mac and Wells Fargo. The two deals at issue in FHFA’s Complaint are among six securitizations subject to a $165 million class-action settlement between investors and underwriters, including Wells Fargo, from 2017.
NAR: Pending home sales up 10.3% from last year According to the NAR, the PHSI in the Northeast surged 10.3% to 96.0 in February but is still 5.1% below a year ago. In the Midwest the index inched forward 0.7% to 98.9 in February but is 9.5% lower than February 2017. Pending home sales in the South rose 3.0% to an index of 125.7 in February but are 1.5% lower than last February.
Law360 (March 12, 2010, 6:59 PM EST) – Washington Mutual Inc. has reportedly reached a settlement that will allow it to claim $4 billion in deposits that were also claimed by JPMorgan Chase & Co. and. Wells Fargo Settles FHFA Dispute for $335M – Analyst Blog – Wells Fargo & Company.
· The Federal Housing Finance Agency (FHFA) has filed a more than $1B residential mortgage-backed securities (rmbs) fraud lawsuit against Wells Fargo (WFC) on behalf of Freddie Mac.The government-owned mortgage company had invested in over $1B in RMBSs backed by NovaStar loans prior to the 2008 financial crisis. NovaStar, once a subprime lender, is no longer in.
The Federal Housing Finance Agency (“FHFA”), as conservator of an RMBS certificateholder, initially filed.. Wells Fargo Complaint.. U.S. Bank Reaches $6 Million Settlement of Claims for Breach of RMBS Trustee Duties.
· Citigroup has agreed to settle a lawsuit by the federal government that charged the bank with misleading investors in the run-up to the mortgage meltdown. The pact between the nation’s third-biggest bank by assets and the Federal Housing Finance Agency disposes of claims by FHFA.
The Financial Times reported Wells Fargo’s deal with the FHFA was governed by a confidentiality. 30 that it had struck a $780 million settlement with Freddie Mac over similar claims. The bank said.
House Republicans propose closing down FHA In addition, the bill includes a number of important changes to the version of the bill that passed the House last year. First, it eliminates the fee hikes from last year’s bill for borrowers that continue to make a down payment, scaling back the maximum upfront fee from 3% to 2.25%, and the maximum annual fee from 2% to .55%.