NEW YORK: Goldman Sachs Group Inc has agreed to pay US$3.15bil to repurchase residential mortgage-backed securities to resolve federal claims tied to the sale of the bonds to Fannie Mae and Freddie Mac.
The buyback represented a premium of about US$1.2bil and made the two US-owned mortgage-finance companies whole on the securities, the Federal Housing Finance Agency (FHFA), the firms’ government overseer, said in a statement.
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