Tag Archives: rmbs

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 […]

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 […]