NEW YORK (MarketWatch)
Citigroup
Inc. said late
Wednesday that it will pay $395 million to Freddie Mac to settle accusations
that the bank misrepresented mortgage-backed securities that it sold to Freddie
The settlement covers 3.7 million loans
Notably, it doesn't cover only loans
made in the run-up to the financial crisis: Instead, it covers loans made
between 2000 through just last year
Citi could still be fined over its sale of
other mortgage-backed securities
The bank says it has enough cash stashed away
for potential future settlements
Other big banks have faced similar
accusations, and news broke late Wednesday that J.P. Morgan Chase & Co.
might pay as
much as $11 billion to settle federal and state investigations into its own
sales of mortgage-backed securities
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
jueves, 3 de octubre de 2013
Suscribirse a:
Enviar comentarios (Atom)
2 comentarios:
WASHINGTON (MarketWatch) -- The Federal Housing Administration may need an infusion of at least $1 billion from taxpayers at the end of this month, according to a Wednesday Wall Street Journal report that cited people familiar with the matter. In April the White House had estimated that the FHA, which insures mortgages, might need a $943 million Treasury Department credit this year because its reserves would be unable to cover projected losses over the next 30 years. Without losses from FHA's reverse-mortgage portfolio, there would have been a surplus, officials said in April. The WSJ story said a final figure for FHA's infusion hasn't been determined yet
Indirect bidders buy 42% of 7-year note auction
7 Year Treasury Note/quotes/zigman/4868264/delayed 7_YEAR 2.02 +0.02 +0.90% See All Quotes (1) 1:06p
Bidders offer $2.46 for each $1 in 7-yr debt sold
7 Year Treasury Note/quotes/zigman/4868264/delayed 7_YEAR 2.02 +0.02 +0.90% See All Quotes (1) 1:05p
Treasury sells $29 bln in 7-year debt at 2.058%
Publicar un comentario