General Electric (GE) has agreed to settle a lawsuit charging it with wrongdoing in the sale of securities backed by residential mortgages.

The lawsuit is one of 18 filed by the Federal Housing Finance Agency against some of the nation's biggest sponsors of mortgage-backed securities during the run-up to the housing crisis. It charged GE with misleading Freddie Mac into buying $549 million in securities over a roughly three-month period starting in September 2005.

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