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Wells Fargo pays $335 million to settle Fannie and Freddie lawsuits

Wells Fargo said Wednesday it had agreed to pay $335 million to settle claims by Fannie Mae and Freddie Mac that it overstated the quality of mortgage securities it sold them. The US bank said the two state-controlled housing finance agencies had agreed to the sums having earlier pulled out…

JPMorgan will pay $5.1 billion to settle Fannie Mae and Freddie Mac claims

Deal settles lawsuit brought by Federal Housing Finance Agency – but has still to agree on bond sales fine JP Morgan reached a $5.1bn (£3.2bn) settlement with the US mortgage company regulator on Friday as the bank continues to negotiate with the justice department over what is expected to be…