News & Analysis as of

Settlement Mortgages Freddie Mac

Bilzin Sumberg

RMBS Litigation Relating to Loans Sold Prior to 2008: Are We Finally Nearing The End?

Bilzin Sumberg on

The years since the 2007–2008 financial crisis have been marked with milestone settlements of claims against the major mortgage “aggregators” (sometimes also known as “investors” in the mortgage purchasing context), who then...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

FHFA Updates Requirements for Freddie and Fannie Sales of Non-Performing Loans - On March 2, FHFA announced changes to requirements for sales of non-performing loans (NPLs) by Freddie and Fannie to reduce the number of...more

Bilzin Sumberg

First Horizon Reaches Mortgage Loan Settlement With Freddie Mac

Bilzin Sumberg on

There is now yet another settlement in the mortgage loan industry to report. First Horizon National Corp. announced last week that it has entered into a definitive resolution agreement with Freddie Mac regarding loan...more

Orrick - Finance 20/20

Freddie Mac and Fifth Third Bancorp Reach Settlement Agreement

Orrick - Finance 20/20 on

On November 25, Fifth Third Bancorp announced a $25 million settlement agreement with Freddie Mac related to mortgages sold by the bank prior to January 1, 2009....more

Bilzin Sumberg

BofA $1.4 Billion Settlement Talks with Freddie Mac

Bilzin Sumberg on

Bank of America and Freddie Mac are currently attempting to resolve a mortgage repurchase dispute in which Freddie Mac claims that Bank of America should have to buy back more than $1.4 billion in mortgage loans it claims...more

Bilzin Sumberg

Wells Fargo Settles Mortgage Claims With FHFA For Close To $1 Billion

Bilzin Sumberg on

Add another mega-settlement to the rapidly growing list of huge payouts by the nation’s largest banks to federal agencies. Wells Fargo reportedly has now agreed to pay the Federal Housing Finance Agency (FHFA), which oversees...more

Bilzin Sumberg

FHFA’s $5.1 Billion Settlements With J.P. Morgan Chase

Bilzin Sumberg on

On October 25, 2013, the Federal Housing Finance Agency (“FHFA”), as conservator of Fannie Mae and Freddie Mac, announced that it will receive settlement payments of $5.1 billion with J.P. Morgan Chase & Co. in connection...more

Bilzin Sumberg

Wells Fargo Settles Mortgage Buyback Litigation with Freddie Mac for $869 Million

Bilzin Sumberg on

As of June 30 of this year, Wells Fargo & Co., this nation’s largest mortgage lender, had received demands to repurchase $1.4 Billion out of the $343 billion of residential-mortgage loans Wells Fargo sold to Freddie Mac and...more

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