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FMCC > SEC Filings for FMCC > Form 8-K on 25-Aug-2014All Recent SEC Filings

Show all filings for FEDERAL HOME LOAN MORTGAGE CORP

Form 8-K for FEDERAL HOME LOAN MORTGAGE CORP


25-Aug-2014

Other Events


Item 8.01 Other Events.

On August 22, 2014, the Federal Housing Finance Agency (FHFA), as conservator of Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) and Fannie Mae (formally known as the Federal National Mortgage Association), announced that it has reached an agreement with Goldman Sachs & Co. and affiliates to settle litigation previously initiated by FHFA related to residential non-agency mortgage-related securities purchased by Freddie Mac and Fannie Mae. Under the terms of the agreement, Goldman Sachs & Co. will make a cash payment of approximately $2.154 billion to Freddie Mac in exchange for certain residential non-agency mortgage-related securities with an unpaid principal balance of approximately $2.145 billion.


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