Wells Fargo Settles With FHFA for $335 Million
Settlement for Allegedly-Misleading Disclosures on Mortgage Securities Sold to Fannie, Freddie
Wells Fargo & Co. paid $335 million to the Federal Housing Finance Agency as part of a settlement for allegedly misleading disclosures on mortgage securities the bank sold to Fannie Mae and Freddie Mac, the bank said Wednesday in a regulatory filing.
The fourth-largest U.S. bank by assets joins J.P. Morgan Chase & Co. and others in settling recently with the regulator that oversees the mortgage-finance giants. The Wall Street...