Bank of America in August paid $16.7bn and HSBC is on the row. It is the 16th bank to reach an agreement with the Federal Housing Finance Agency (FHFA) over the issue. Royal Bank of Scotland and Nomura have yet to settle their cases.
It si said that the British bank HSBC will pay $550m (£338m) to US regulators in order to resolve the claims of mis-sold mortgage-related bonds that it sold to US mortgage giants Fannie Mae and Freddie Mac between 2005 and 2007
HSBC said it was "pleased to resolve the matter".
The bank was accused of making $6.2 billion of mortgage-backed securities apparently standard and meeting all guidelines while they were not fulfilling those requirements. HSBC has previously denied the allegations.
$17.9 has now been recouped from settlements with banks by the FHFA.
HSBC's fine is significantly much less than that of US banking giant Bank of America.
Fannie Mae and Freddie Mac were bailed out by US government and it lost more than $30bn in the financial crisis. Some of it's investment were in subprime mortgages.
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