Fannie Mae-No Politics (FNMA)

[bobstruths]

Ever wander about the Settlements?
A few months back I researched the Settlements FHFA received on the lawsuits filed against TBTF banks. FHFA sued 17 banks which sent FnF misrepresented mortgages. My flawed review came up with more than $42billion worth of settlements. I say flawed because I'm not 100% sure of the total amount due to all the hidden deals within the settlements, Nonetheless, the numbers I used came from various news sources, mostly Reuters. In most cases, FHFA accepted settlements at about 15-20 cents on the dollar of the base amounts listed in the suit. Plus, some of the listed had multiple suits.

1. Ally Financial $52 million settlement on a $6 billion suit

2. Bank of America $16.65 billion settlement on a $57.45 billion suit
3. Barclays Bank PLC $280 million settlement on a $4.9 billion suit
4. Citigroup, Inc $7 billion settlement on a $? billion suit
5. Countrywide Financial see Bank of America
6. Credit Suisse $885 million settlement on a $14.1 billion suit
7. Deutsche Bank $1.92 billion settlement on a $14.2 billion suit
8. First Horizon National $110 million settlement on a $883 million suit
9. General Electric $550 million check payable to FnF settlement on a $550 million suit
10. Goldman Sachs $3.15 billion settlement on a $11.1 billion suit
11. HSBC North America Holdings, Inc. $550 million settlement on a $6.2 billion suit
12. JPMorgan Chase & Co. $4 billion settlement on $33 billion suit
13. Merrill Lynch see B of America
14. Morgan Stanley ? Suit was for $11.58 billion
15. Nomura Holding $839 million settlement on a $2 billion suit
16. The Royal Bank of Scotland $5.5 billion settlement on a $30.4 billion suit
17. Société Générale $122 million settlement on a $1.3 billion suit