Bad Banking: WELLS FARGO REACHES $591 MILLION SETTLEMENT WITH FANNIE MAE OVER MORTGAGE SECURITIES | SOURCE ONE NEWS
Rss Feed

no one deals like we do!

Home // Big Brother News // Bad Banking: WELLS FARGO REACHES $591 MILLION SETTLEMENT WITH FANNIE MAE OVER MORTGAGE SECURITIES

Bad Banking: WELLS FARGO REACHES $591 MILLION SETTLEMENT WITH FANNIE MAE OVER MORTGAGE SECURITIES

Microsoft-Badge a-googleplay
Amazon-preorder

WELLS FARGO REACHES $591 MILLION SETTLEMENT WITH FANNIE MAE OVER MORTGAGE SECURITIES

Source: Reuters

Wells-Fargo-Logo

Wells Fargo & Co will pay a net $541 million to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company’s efforts to have banks buy back troubled loans made before the financial crisis.

Fannie Mae said on Monday it has reached settlements worth roughly $6.5 billion over loan buybacks with eight banks, including Wells Fargo, the nation’s largest mortgage lender and fourth-largest bank by assets.

Bookmark and Share

Microsoft-Badge a-googleplay
Amazon-preorder

The settlements include a $3.6 billion accord in January with Bank of America Corp over loans from that bank and the former Countrywide Financial Corp. Fannie Mae Chief Executive Timothy Mayopoulos was once general counsel at Bank of America.

Read more

Related Posts Plugin for WordPress, Blogger...

Popular Media From The Web

Call Now: 877-881-5420

SPY & KNOW - HIDDEN CAMERAS, SURVEILLANCE, GPS TRACKING, SELF DEFENSE - PROTECT YOURSELF AND FAMILY - SPYKNOW.COM

The Truth Tale - iTunes

Top Trending Music From - The Truth Tale

New Music Promotion - Music By The Truth Tale (Some Songs May Be PG)

Songs Available At: Bandcamp - iTunes - Google Play - Amazon - Spotify

Top Trending Stories From Web
Posted in Big Brother News, Business, Latest News, News, News On The Edge, News Updates, Opinion, Politics, World News and tagged as , , ,