(Mike Nicht, Creative Commons)

According to CNN Money, the deal was announced by the Federal Housing Finance Agency, which has overseen Mae and Mac since 2008 when they both had to be bailed out by the government after the bubble burst.

The bank is also in talks with the Justice Department and government officials for yet another expensive settlement, for similar claims.

Read the full story at CNN Money.

Reach Executive Producer Francesca Bessey here; follow her here.