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Subsequent Events
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On January 23, 2014, we resolved our outstanding bankruptcy claims against Lehman Brothers Holdings, Inc. (“Lehman Brothers”), which included securities law claims related to Lehman Brothers private-label securities and notes and mortgage loan repurchase obligations, for an allowed amount of $2.15 billion. We expect to receive only a portion of this amount under the terms of the Lehman Plan of Reorganization. To date, claims similar to ours have received approximately 19% of the allowed amount, although we anticipate additional distributions in the future.
On February 7, 2014, we, along with FHFA and Freddie Mac, entered into a settlement agreement with Morgan Stanley and certain related entities over legal claims relating to mortgage-backed securities that we and Freddie Mac purchased from them. Pursuant to this agreement, Morgan Stanley paid us $625 million in February 2014.