Tag Archives: mortgage backed securities

Deutsche Bank Agrees to Pay $7.2 Billion for RMBS and Related Activities

Deutsche Bank to pay $7.4 billion for residential mortgage-backed securities and related activities. By Jeff Sorg, OnlineEd Blog (December 27, 2016) – Deutsche Bank announced December 23rd that it had reached a settlement in principle with the Department of Justice in the United States regarding civil claims that the DoJ considered in connection with the bank’s issuance […]

FDIC Announces $190 Million Settlement From Eight Firms

Settlement resolves federal and state securities law claims based on misrepresentations in the offering documents for 21 Countrywide RMBS purchased by the five failed banks By Jeff Sorg, OnlineEd Blog (June 8, 2016) – The Federal Deposit Insurance Corporation (FDIC) as receiver for five failed banks has announced a $190 million settlement of certain residential mortgage-backed securities […]

Morgan Stanley to Pay $62.95 Million to Settle Residential Mortgage-Backed Security (RMBS) Claims

This settlement brings total RMBS claim settlements by the FDIC with Morgan Stanley to $86.95 million By Jeff Sorg, OnlineEd Blog (February 3, 2016) – The Federal Deposit Insurance Corporation (FDIC), as receiver for three failed banks, yesterday announced a $62.95 million settlement of residential mortgage-backed securities (RMBS) claims against Morgan Stanley & Company LLC. The settlement funds […]

Standard and Poor’s / McGraw Hill Financial Reach $1.375 Billion Settlement With DOJ

(Jeff Sorg, OnlineEd) – Attorney General Eric Holder recently announced that the Department of Justice has reached an agreement totaling nearly $1.4 billion with the credit rating agency Standard & Poor’s Financial Services, or S&P – along with its parent corporation, McGraw Hill Financial. This agreement will resolve the Justice Department’s 2013 lawsuit against S&P, in […]