News: First Horizon National Corp (FHN.N)

FHN.N on New York Stock Exchange

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Tue, Apr 29 2014

First Horizon to pay $110 million to settle U.S. agency's mortgage claims

NEW YORK - First Horizon National Corp will pay $110 million to resolve claims it misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour, a U.S. regulator said on Tuesday.

UPDATE 1-First Horizon to pay $110 mln to settle U.S. agency's mortgage claims

(Adds further details on settlement, background on litigation)

First Horizon to pay $110 mln to settle U.S. agency's mortgage claims

NEW YORK, April 29 - First Horizon National Corp will pay $110 million to resolve claims it misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour, a U.S. regulator said on Tuesday.

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