
The Federal Housing Finance Agency announced a settlement of $550 million with HSBC North America Holdings Inc. Resolving alleged violations of federal, Virginia and District of Columbia securities laws in connection with private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac during 2005-2007. For more info visit http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Settlement-with-HSBC.aspx