Tag Archives: Settlement

U.S. Bank has agreed to pay the United States Government $200 million to settle claims that it violated the False Claims Act by knowingly originating and underwriting loans insured by the Federal Housing Administration (FHA), underneath the HUD umbrella, that did not meet underwriting requirements for eligibility.

The Federal Housing Finance Agency (FHFA), functioning as the conservator for Freddie Mac, announced a settlement with RBS Securities, Inc. RBS will pay $99.5 million, resolving claims against RBS in FHFA v. Ally Financial Inc.

Ocwen, the nation's fourth largest mortgage servicer, has agreed to pay $3.7 million to resolve allegations that it failed to give notice to homeowners, and that the company unlawfully foreclosed on properties in Massachusetts. The announcement came from the state's Attorney General Martha Coakley, who alleged the non-bank servicer failed to follow Massachusetts law when handling certain mortgage loans.