United States:
Freddie Mac And Fifth Third Bancorp Reach Settlement Agreement
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On November 25, Fifth Third Bancorp announced a
$25 million settlement agreement with Freddie Mac
related to mortgages sold by the bank prior to
January 1, 2009. Per the agreement, Fifth Third Bancorp
agreed to repurchase all nonconforming loans it
sold to Freddie Mac, including those not identified in repurchase
demands.
Press Release.
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