Bank of America's $1.27 billion penalty in the "Hustle" case has been overturned. Why does the former Countrywide exec who blew the whistle get to keep the reward money?
Read More »Credit Unions’ RMBS Recoveries Reach Milestone
NCUA Chairman Debbie Matz said that credit unions “are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable.”
Read More »Another Day, Another Settlement: Goldman Sachs to Pay $5B
It's the fourth-largest RMBS settlement reached between the government and one financial institution.
Read More »The RMBS Settlements Just Keep on Coming
The National Credit Union Administration passed a milestone for total amount collected from institutions for toxic RBMS saies.
Read More »Private-Sector Securitization Begins its Comeback With JPMorgan Chase RMBS Deal
This will be JPMorgan Chase's first house transaction (meaning the bank owns all of the mortgages in the deal) since the financial crisis.
Read More »It’s Settled: Morgan Stanley Agrees to Pay $3.2 Billion to Resolve Toxic MBS Claims
The investment banking firm is the latest to agree to a settlement with the government to resolve claims of misrepresenting the quality of mortgage-backed securities sold to investors in the run-up to the crisis.
Read More »RMBS Settlements Not Dead Yet
It is now more than seven years since the housing crisis hit, and settlements over claims of selling toxic residential mortgage-backed securities are still alive and well. Who is the latest to settle?
Read More »RMBS Settlement Cuts Into Goldman Sachs’ Profits
The investment banking firm's Q4 and full year 2015 earnings took a big hit as a result of the $5 billion residential mortgage-backed securities settlement announced last week.
Read More »Will Royal Bank of Scotland be the Next to Settle RMBS Fraud Claims?
Out of 18 firms sued by the FHFA in 2011 over RMBS fraud, RBS is the only one not to have resolved their case through either settlement or trial.
Read More »Goldman Sachs Agrees to Pay $5 Billion to Settle RMBS Claims
The investment banking firm reached an agreement in principle to settle claims that it sold faulty mortgage-backed securities before the crisis.
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