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
Tags » 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 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 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