PNC settles with Freddie Mac for $89M over repurchase obligations

PNC will pay Freddie Mac $89 million to resolve all repurchase liabilities on home loans sold to the government-backed housing agency through 2018. PNC To Pay $89M To Freddie Mac To Settle.

PNC Financial Services Group announced that its affiliate, PNC Bank, N.A., has reached an agreement in principle with the Federal Home Loan Mortgage Corporation (Freddie Mac) to resolve substantially all indemnification and repurchase obligations related to loans sold to Freddie Mac between 2000 and 2008.

Approximate Date of Proposed Public Offering: May 1, 2005. It is proposed that this filing will become effective (check appropriate box): [ ] immediately upon filing pursuant to paragraph (b) [x] on.

On December 6, PNC Bank announced an agreement in principle to an $89 million dollar settlement agreement with Freddie Mac resolving outstanding and potential repurchase claims arising out of the sale of some 900,000 loans to Freddie Mac between 2000 and 2008.

PNC announced today that it has reached an million settlement with Freddie Mac related to mortgage claims for loans originated and sold to Freddie Mac between 2000 and 2008. The settlement

WHEREAS, Freddie Mac is willing to accept the Settlement Amount (as the same may be adjusted pursuant to the terms of this Agreement) from GMACM (and other benefits to Freddie Mac under or in connection with this Agreement, including, without limitation, the receipt by Freddie Mac from GMAC Inc. of the hereafter-referenced Guaranty) in satisfaction of such Released Obligations, and in.

PNC announced today that it had reached a $89 million settlement with Freddie Mac for claims surrounding its repurchase obligations over mortgages it sold to the government-sponsored entity from.

PNC Financial Services Group Inc. on Friday announced an $89 million settlement with Freddie Mac, making it the latest bank and the second within a week to bring to a close mortgage repurchase.

70 2015 Former Vice Chairman, Citigroup inc. and Former Ceo, Citibank, n.a. * Mr. Santomero will be retiring from the Board on April 1, 2019 and Mr. Humer will be retiring from the Board on April 16,

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This post-effective amendment contains the prospectus and statement of additional information relating to the following series and classes of the registrant: State Street Green Bond Fund – Class A,

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