2013-09-26 — americanbanker.com
``The biggest U.S. home lenders, including Bank of America Corp. and Citigroup faced pressure to resolve claims on mortgages sold to Fannie Mae and Freddie Mac, the U.S. owned firms that took a $187.5 billion bailout. Citigroup announced a deal in July to pay Fannie Mae $968 million.
The deal with Freddie Mac is "another important milestone in successfully resolving Citi's remaining legacy mortgage issues," Jane Fraser, chief executive officer of CitiMortgage, said in the statement.''
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