Goldman Sachs to resolve FHFA claims for $3.15B

Adam Jeffery | CNBC

Goldman Sachs will pay $3.15 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities.

Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.

Because the bonds have some residual value the settlement is expected to total about $1.2 billion.

—By Reuters with CNBC