Tag Archives: banks

Deutsche Bank to Face US Lawsuit for $3.1 billion

Bank to answer for allegations of toxic residential mortgage backed securities By Jeff Sorg, OnlineEd Blog (February 4, 2016) -A federal judge ruled on yesterday that Deutsche Bank must face a US lawsuit seeking to hold it liable for causing $3.1 billion  of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages. “Plaintiff’s […]

Biggest Mortgage Originators and Servicers for Q3 2015

Mortgage firms saw quarterly volume slow as nonbanks continued to take market share from banks By Jeff Sorg, OnlineEd Blog (January 13, 2016) –  Lenders generated an estimated $430 billion in mortgage originations during the third-quarter 2015 as mortgage firms saw quarterly volume slow as nonbanks continued to take market share from banks. One bank, however, grew its market […]