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RBS to pay $99.5 mln, settle some FHFA mortgage claims

Reuters - UK Focus

June 19 (Reuters) - Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank in litigation contending that Freddie Mac (Berlin: FHL.BE - news) bought mortgage-backed securities that later went sour.

The Federal Housing Finance Agency said the accord related to litigation also naming Ally Financial Inc (NYSE: GKM - news) , which previously settled, as a defendant.

It is the 15th settlement arising from lawsuits that the FHFA filed in 2011 over mortgage securities losses suffered by Freddie Mac and Fannie Mae (Munich: FNM.MU - news) , both of which it oversees as conservator.

RBS (LSE: RBS.L - news) still faces a separate lawsuit by the FHFA over other mortgage securities sold to Fannie Mae and Freddie Mac. (Reporting by Jonathan Stempel in New York (Frankfurt: HX6.F - news) ; Editing by Marguerita Choy)