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FHLB San Francisco settles MBS-related litigation for $236M
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The FederalHome Loan Bank of San Francisco has entered into a settlementagreement with certain defendants in connection with its private-labelmortgage-backed securities litigation for $236 million.
The FHLB said in a Form 8-K filed July 12 that itslitigation continues against various issuers, dealers and underwriters.