Subservicer adds industry vet tasked with charting the company’s talent acquisition and succession planning.
Read More »George Lane Joins Pretium as Managing Director of Real Estate
With a focus on expansion of its SFR market, Pretium adds experienced real estate investor to oversee acquisitions and asset management.
Read More »Deutsche Bank Implements DocMagic’s eVault for Paperless Mortgage Processes
DocMagic, Inc., a provider of fully compliant loan document preparation, regulatory compliance, and comprehensive eMortgage services headquartered in Torrance, California, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology. “Deutsche Bank has an international footprint ...
Read More »How Much Have Banks Been Fined Since the Crisis?
According to a tally released Tuesday by New York-based investment banking firm Keefe, Bruyette & Woods, banks have been fined $243 billion since the financial crisis in 2008. As reported by Marketwatch, repayment of the fines involves a mixture of ...
Read More »Judge Refuses To Toss Deutsche Bank Case
BlackRock Inc., Pimco among plaintiffs against the bank alleging mishandling of trusts.
Read More »DOJ Settles Two RBMS Suits in a Week
One of the settlements included the largest RMBS solution of its kind for a single entity, according to the Department of Justice.
Read More »Deutsche Bank to Pay Billions Over Pre-Crisis RMBS
German-based bank becomes the latest financial institution to agree to a settlement.
Read More »Deutsche Chief: Bank is ‘Rock Solid’ Despite MBS Probes and Settlements
The German-based bank agreed to a $1.9 billion settlement with FHFA in December 2013 over claims that the bank defrauded Fannie Mae and Freddie Mac.
Read More »Circuit Court Revives FDIC’s Securities Suit Against Deutsche, Goldman, and RBS
A judge in Austin, Texas, dismissed the lawsuits filed by the FDIC last year against the financial institutions, stating that a Texas law that required lawsuits to be filed within five years of the sale of the mortgage-backed securities superseded the federal law.
Read More »Morgan Stanley Says It Might Settle MBS Suit With Deutsche Bank for $292 Million
Deutsche Bank sued Morgan Stanley in April 2014, claiming that the New York-based investment firm breached a contract by misrepresenting the quality of about $735 million worth of loans held in a trust in in which Deutsche Bank was the trustee and Morgan Stanley was the sponsor.
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