Goldman Sachs Group Inc announces agreements with FHFA

Friday, 22 Aug 2014 05:15pm EDT 

Goldman Sachs Group, Inc:Says it has reached agreements with the Federal Housing Finance Agency (FHFA) to resolve all federal and state securities law claims brought by FHFA with respect to residential mortgage-backed securities (RMBS) purchased by Fannie Mae and Freddie Mac over the 2005-2007 period.Under the terms of the agreements, Goldman is repurchasing the RMBS for $3.15 billion.Costs of resolving these matters are substantially covered by reserves as of the second quarter of 2014. 

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