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Tag Archives: First Horizon

First Horizon Settles Outstanding Mortgage Matter With HUD and DOJ

This week, First Horizon National Corp. announced that First Tennessee, the regional bank for First Horizon, reached an agreement with HUD and the U.S. Department of Justice to settle claims related the mortgage business the company sold in 2008. As part of the settlement, First Tennessee has committed to make a cash payment of $212.5 million.

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Fannie, Freddie to Receive $110M in Latest RMBS Settlement

Per a settlement announced with the Federal Housing Finance Agency (FHFA), First Horizon National Corporation has agreed to pay a combined $110 million to Fannie Mae and Freddie Mac to resolve alleged violations of securities laws connected to private-label securities purchased by the GSEs from 2005–2007. The settlement is the 14th of its kind, bringing the agency closer to closing the book on 18 suits filed in 2011.

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