Citi to pay Freddie Mac US$395 million to settle claims over flawed mortgages

US banking giant Citigroup announced on Wednesday an agreement to pay the Federal Home Loan Mortgage Corp (Freddie Mac) US$395 million to settle claims of potential flaws in millions of mortgages it sold the quasi-public firm.

via Business feed http://www.scmp.com/business/banking-finance/article/1318188/citi-pay-freddie-mac-us395-million-settle-claims-over