Freddie Mac and Fifth Third Bancorp Reach Settlement Agreement

Orrick - Finance 20/20
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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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