{"id":5561,"date":"2014-02-19T00:00:00","date_gmt":"2014-02-19T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/02\/lehman_brothers_holdingss_767m"},"modified":"2022-05-05T11:56:02","modified_gmt":"2022-05-05T16:56:02","slug":"lehman-brothers-holdingss-767m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/lehman-brothers-holdingss-767m\/","title":{"rendered":"Lehman Brothers Holdings\u2019 $767M Mortgage Settlement to Freddie Mac is Approved by Judge"},"content":{"rendered":"\n

A judge in US bankruptcy court has approved the $767 million mortgage securities settlement <\/a>reached between Lehman Brothers Holdings Inc. and Freddie Mac (FMCC). The deal involves a $1.2 billion claim over two loans made by the mortgage giant to Lehman prior to its collapse in 2008. <\/p>\n

As part of the accord, Freddie will provide loan data to the failed investment bank so that Lehman can go after mortgage originators over alleged misrepresentations. Lehman will pay the $767 million in a one-time transaction.<\/p>\n

Its bankruptcy was a main trigger to the 2008 global economic crisis. According to Matthew Cantor, chief general counsel of the unwinding estate, the bank has already paid creditors $60 billion, with more payouts. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A judge in US bankruptcy court has approved the $767 million mortgage securities settlement reached between Lehman Brothers Holdings Inc. and Freddie Mac (FMCC). The deal involves a $1.2 billion claim over two loans made by the mortgage giant to Lehman prior to its collapse in 2008. As part of the accord, Freddie will provide […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3824,3757,3741],"tags":[2517],"class_list":["post-5561","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-lehman-brothers","category-mortgagebacked-securities","category-securities-fraud","tag-freddie-mac"],"yoast_head":"\nLehman Brothers Holdings\u2019 $767M Mortgage Settlement to Freddie Mac is Approved by Judge — Investor Lawyers Blog — February 19, 2014<\/title>\n<meta name=\"description\" content=\"A judge in US bankruptcy court has approved the $767 million mortgage securities settlement reached between Lehman Brothers Holdings Inc. and Freddie Mac — February 19, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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