Freddie Mac to receive lion's share of $1.9B settlement with Deutsche Bank

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

Freddie Mac will receive $1.63 billion from Deutsche Bank as part of a $1.93 billion settlement resolving claims related to investments by Freddie Mac and Fannie Mae in “private label” mortgage-related securities typically backed by subprime loans.

Freddie Mac and its regulator, the Federal Housing Finance Agency, will continue to work to reach settlements with other lenders that sold it similar securities. Source: Freddie Mac