Federal Housing Finance Agency Print
Home / Media / FHFA Announces Settlement with RBS
News Release

FHFA Announces Settlement with RBS

FOR IMMEDIATE RELEASE
6/19/2014

​Washington, DC – The Federal Housing Finance Agency (FHFA), as conservator of Freddie Mac, today announced a settlement for $99.5 million with RBS Securities, Inc. (RBS).  The settlement resolves claims against RBS in FHFA v. Ally Financial Inc. in the Southern District of New York, alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities purchased by Freddie Mac during 2005-2007.   A separate lawsuit involving RBS is not affected by this settlement, FHFA v. The Royal Bank of Scotland Group.​

This is the 15th settlem​​ent related to the 18 PLS lawsuits FHFA filed in 2011.  FHFA remains committed to satisfactory resolution of the remaining actions.

Settlement agreement follows (c​onfidential exhibit omitted).​

Attachments:

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.  These government-sponsored enterprises provide more than $5.5 trillion in funding for the U.S. mortgage markets and financial institutions.

Contacts:

​Stefanie​ Johnson (202) 649-3030 / Corinne Russell (202) 649-303​​2​​

© 2016 Federal Housing Finance Agency