Tags » Mortgage Settlement

California will cash in on Citigroup mortgage fines

LOS ANGELES (CNS) – California Attorney General Kamala D. Harris says the Golden State will collect around $200 million of the roughly $7 billion that Citigroup announced today it would pay to settle federal claims regarding the sale of defective mortgage investments during the subprime housing boom. 124 more words


Citi Inks $7 Billion Mortgage Settlement

NEW YORK — Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

It includes $4 billion in penalties, $2.5 billion in mortgage modifications and other relief to homeowners, and $500 million going to a number of states and the Federal Deposit Insurance Corp. 366 more words


Bank Of America’s CEO wants a meeting with Attorney General

Bank of America can’t shake off the string of mortgage fraud litigation hounding the bank.

The second-largest American bank is seeking to set up a meeting between CEO Brian Moynihan and U.S. 274 more words


SunTrust to pay nearly $1 billion to settle mortgage abuse allegations

SunTrust Banks has agreed to pay $968 million to settle a federal probe into its mortgage practices from before and after the housing crash, the U.S. 353 more words