U.S. Bancorp To Pay $53M To Settle Repurchase Obligations With Freddie Mac

U.S. Bancorp To Pay $53M To Settle Repurchase Obligations With Freddie Mac

MINNEAPOLIS - U.S. Bancorp will pay $53 million in cash to Freddie Mac as part of an agreement between the parties to resolve "substantially all repurchase obligations related to representations and warranties made on loans sold to Freddie Mac between 2000 and 2008," the bank announced Dec. 10 in a press release.

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