Statements - Bradley Lerman on Resolution Agreement with Citigroup Regarding Legacy Repurchase Requests - Fannie Mae

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Statements

July 01, 2013

Statement by Bradley Lerman, Executive Vice President and General Counsel, on Resolution Agreement with Citigroup Regarding Legacy Repurchase Requests

Andrew Wilson

202-752-5168

"This resolution is an example of our desire to work together with our business partners to find common ground.  Today's agreement resolves legacy repurchase issues, compensates taxpayers for losses, and allows Fannie Mae and Citi to move forward and strengthen our business relationship.

We continue to focus on making strong progress in resolving repurchase requests with other lenders, and remain committed to helping people to buy, refinance or rent a home."