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FHFA MBS Settlements Near $20 Billion

Another settlement with the Federal Housing Finance Agency brings to nearly $20 billion the amount the regulator has collected from several mortgage-backed securities lawsuits.

On Thursday, FHFA reached a settlement with RBS Securities Inc. over its role in the sale of faulty MBS to the Federal Home Loan Mortgage Corp.

RBS was among a host of companies named as defendants in 18 private label securities lawsuits filed in 2011 on behalf of Freddie Mac and its secondary cousin Fannie Mae.

As part of the settlement — the 15th so far — RBS has agreed to pay $99.5 million.

That brings the total amount brought in by FHFA to $19.947 billion.

FHFA noted that a separate lawsuit against RBS parent The Royal Bank of Scotland Group is unaffected by this settlement.

RBS was formerly known as Greenwich Capital Markets Inc.

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