With its latest settlement over repurchase demands, the Federal Home Loan Mortgage Corp. has collected more than $4.6 billion.
U.S. Bancorp disclosed Tuesday that it has reached an agreement with Freddie Mac to settle its repurchase obligations.
The settlement resolves substantially all repurchase obligations on loans that the Minneapolis-based company sold to Freddie from 2000 through 2008.
U.S. Bancorp will make a one-time payment of $53 million to the McLean, Va.-based secondary lender — an amount that reflects repurchase payments it has already made.
The bank said that it has already set aside enough reserves to cover the cost of the settlement.
U.S. Bancorp is just one of eight seller-servicers that have recently settled repurchase demands with Freddie.
Including the U.S. Bancorp settlement, Freddie has reached repurchase settlements totaling $4.64 billion since September, as shown in the table below.
