Tag Archives: Deutsche Bank

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 ...

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 ...

BlackRock Inc., Pimco among plaintiffs against the bank alleging mishandling of trusts.

One of the settlements included the largest RMBS solution of its kind for a single entity, according to the Department of Justice.

German-based bank becomes the latest financial institution to agree to a settlement.

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.

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that a Texas law that required lawsuits to be filed within five years of the sale of the mortgage-backed securities superseded the federal law.

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.

New York-based private investment firm BlueMountain Capital, a purported holder of notes issued by HLSS Servicer Advance Receivables Trust (HSART) wrote a letter last month accusing Ocwen of breach of contract and default on certain notes serviced by HLSS. Ocwen subsequently issued a statement vowing to "vigorously defend itself" against BlueMountain's accusations.

NCUA's complaint deals with credit unions U.S. Central, WesCorp, Members United, Southwest, and Constitution, all of which were involved in the purchase of $140 billion in RMBS between 2004 and 2007 and all of which closed after those securities lost value.