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Housing Regulator, Barclays Settle For $280 Million

Monday, April 28, 2014 - 5:52 PMBarclays Bank Delaware - Details
WASHINGTON — The Federal Housing Finance Agency and Britain’s Barclays Bank PLC announced a $280 million settlement Thursday in a lawsuit about bad mortgage bonds sold by the bank in the run up to the housing-market collapse.Barclays agreed to pay $227 million to Freddie Mac and another $53 million to Fannie Mae for violations of securities laws over a period of 2005 to 2007. The bank committed the alleged violations during the sale to those quasi-government entities of mortgage-backed securities.

WASHINGTON: Housing regulator, Barclays settle for $280 million | Economic Watch | McClatchy DC

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