Does the Royal Bank of Scotland’s announcement of additional provisions on Thursday mean the bank will soon reach a settlement with the FHFA?
Read More »Weak Loan Performance Offsets Countrywide Settlement
Loan delinquency and pool losses are offsetting the benefits of $7.35 billion of Countrywide settlement proceeds.
Read More »Credit Suisse Agrees to RMBS Settlement with DOJ
Almost a decade after the 2008 financial crisis, the U.S. Department of Justice is finally exacting restitution from companies found responsible for pushing the economy to the brink.
Read More »Monitor: Morgan Stanley is on Its Way
An independent monitor declared that Morgan Stanley is off to a "good start' toward fulfilling its consumer relief obligation under the terms of a February 2016 RMBS settlement.
Read More »Citi Provides Consumers More Relief, Monitor Says
Citi agreed to pay $2.5 billion in consumer relief as part of a $4 billion settlement in July 2014. How far has the bank come toward paying that obligation?
Read More »Ocwen Reaches Settlement In HAMP, FHA Suits
Those suits sought damages intended to triple the total HAMP and FHA payments made on Ocwen-serviced loans, or roughly $5,500 to $11,000 per alleged false claim, according to Ocwen's SEC filing.
Read More »Eight Firms Settle RMBS Fraud Claims with FDIC
The six lawsuits filed by the FDIC involve the sales of 21 Countrywide residential mortgage-backed securities purchased by five failed FDIC-insured banks.
Read More »Issuer of Ginnie Mae RMBS Settles with SEC
The SEC announced that the company and six senior executives will pay to settle charges that they "orchestrated a scheme to defraud investors."
Read More »Monitor to Chase: You’re Almost There
How much has Chase paid in consumer relief to fulfill the obligations under its $13 billion RMBS settlement?
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.”
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