Wells Fargo & Co., the largest U.S. home lender, agreed to pay Fannie Mae $591 million to resolve repurchase demands on loans that originated before 2009 and were sold to the government-backed firm, Bloomberg News reported yesterday. Wells Fargo paid $541 million in cash to Fannie Mae after adjusting for prior repurchases, the San Francisco-based lender said yesterday. The firm had set aside funds to cover the full cost as of Sept. 30, according to the statement.
