ATLANTA, Oct. 1, 2013 /PRNewswire/ – SunTrust Banks, Inc. (NYSE: STI) today announced an agreement under which Freddie Mac agreed to release SunTrust from existing and future loan repurchase obligations for certain breaches of loan-level selling representations and warranties relating to specific populations of single-family loans and certain other obligations.
Jerome Lienhard, CEO of SunTrust Mortgage, said, “We are pleased to enter into this agreement with Freddie Mac as it marks another step in our resolution of legacy mortgage-related matters. We continue to remain focused on providing high quality products and … [visit site to read more]
Similar posts:- Citigroup Inc. (NYSE:C) – Citigroup to pay $395 million to settle Freddie Mac mortgage claims [Reuters] – Citigroup Inc on Wednesday said it agreed to...
- Is too much Fed medicine starting to make the banks sick? I’ll be the first to admit I like cheap...
- FDIC: 903 banks in trouble. What to do… Martin here with an urgent update on the next...