Wells Fargo settles claims with FHFA

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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.

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Wells Fargo & Co. will pay $575 million to settle state-level claims over sales practices, marking the latest cost in the fallout from a series of scandals that erupted at the bank more than two years.

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Wells Fargo Settles FHFA’s RMBS Claims Editorial Board Posted on November 11, 2013 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 conservator to Fannie Mae and Freddie Mac) against it for approximately $335.

Wells Fargo’s reported deal with the FHFA comes less than a week after that same agency announced a $5.1 billion settlement with JPMorgan Chase & Co. That payment by Chase is said to be part of.

Wells Fargo, N.A., et al.). The settlement class will consist of all persons who claim that Wells Fargo opened an account in their name without consent, enrolled them in a product or service without.

While rival Bank of America Corp. faces demands of $6 billion, Wells Fargo & Co. (NYSE:WFC) has settled its dispute with the Federal Housing Finance A.

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You will also be mailed a claim form, which you are encouraged to fill out to maximize your recovery under this Class Action Settlement. You can learn if you’re on this list by contacting the Settlement Administrator at Wells Fargo Unauthorized Accounts Settlement, P.O. Box 2594, Faribault, MN 55021-9594 or 1-866-431-8549.

Wells Fargo announces the Q1’13 settlement with Fannie Mae and the Q3’13 settlement with Freddie Mac of opt-out claims in mortgage-backed certificates litigation amounts to total of $335 million. Sept. 25, 2013 Citigroup settles with Freddie Mac for $395 million to resolve repurchase claims. May 28, 2013 Citigroup settles with FHFA;

Wells Fargo & Co (NYSE:WFC), the fourth-largest bank in the United States in terms of assets, agreed to pay a penalty of $335 million to settle the claims of the Federal Housing Finance Agency (FHFA), according to its regulatory filing on Wednesday.. FHFA says Wells Fargo mislead investors