Tag: Fannie Mae and Freddie Mac

• Tuesday, September 16th 2014 - 05:50 UTC

  HSBC reached 550m agreement with US banking regulators

  

  HSBC Holdings will pay 550 million dollars to resolve a US regulator's claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac before the financial crisis.

• Tuesday, January 8th 2013 - 21:13 UTC

  Sub-prime mortgage scandal: several US banks agree compensations totalling 20bn

  

  Bank of America has agreed to pay US government mortgage agency Fannie Mae 11.6bn dollars to settle claims relating to residential home loans. The bank will pay 10.3bn to settle claims relating to the loans and 1.3bn in compensation to the agency.

• Thursday, October 25th 2012 - 06:39 UTC

  US sues Bank of America for mortgage fraud; ex Goldman & Sachs, two years in jail

  

  Bank of America is being sued for 1bn dollars for alleged mortgage fraud. The civil lawsuit has been brought by the US Attorney Preet Bharara, the top federal prosecutor in Manhattan, New York.