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Items Tagged with 'Department of Justice'


DOJ demands more in BofA, Countrywide deal

Deal hung up over penalties
July 29, 2014
The Department of Justice is not satisfied with its negotiations over Bank of America's cash penalty amount for the dealings of Countrywide and Merrill Lynch. The $13 billion is not enough.
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Fed releases SunTrust order over $160M mortgage penalty

Settlements continue to dent lender's profits
July 25, 2014
SunTrust's earnings continue to be dragged down by various mortgage settlements, resolving past foreclosure and mortgage issues. Most recently, the Federal Reserve finalized the $160 million penalty related to faulty mortgages announced back in October.
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DOJ warns Citi settlement “will certainly not be the last”

AG Holder says cases coming soon against additional banks
July 14, 2014
“We have not ruled out holding these organizations or individuals criminally responsible,” U.S. Attorney General Eric Holder said. “The agreement does not preclude the ability to bring criminal charges.”
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It's official: Citi reaches $7B RMBS settlement

Drastically dents 2Q profits
July 14, 2014
Citigroup officially announced a $7 billion settlement to settle residential mortgage-backed securities and collateralized debt obligations with the Department of Justice after industry whispers that the bank was nearing a resolution.
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The facts behind BNP’s $8.8B settlement discovery

Story dates back two decades at bus bombing
July 1, 2014
The discovery and investigation behind the settlement announced Monday between the U.S. Department of Justice and BNP Paribas has a surprising start, originating back to a bus bombing two decades ago.
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Suntrust pays $968M in mortgage origination settlement

Covers mortgage servicing and foreclosure abuses
June 17, 2014
SunTrust agreed to pay $968 million for a mortgage origination settlement to cover mortgage servicing and foreclosure abuses. But according to Attorney General Eric Holder, there will be more settlements to come.
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Monday Morning Cup of Coffee: DOJ battles Citigroup, BofA over mortgage bonds

How to compete in real estate bidding wars
June 8, 2014
The Department of Justice keeps going after top banks, looking into several banks’ past dealings with mortgage-backed securities. This time Bank of America and Citigroup are on the chopping block.
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Bank of America faces massive $13 billion RMBS claim

Bloomberg cites coming DoJ settlement
April 25, 2014
The settlement would come on top of the $9.5 billion the bank agreed last month to pay to resolve Federal Housing Finance Agency claims, said two people who asked not to be named because the negotiations are private.
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Do you have what it takes to investigate mortgage fraud for Fannie Mae?

Fannie Mae posts new job with interesting timing
March 18, 2014
After the U.S. Department of Justice was busted for over inflating just how much focus it was putting on mortgage fraud, Fannie Mae also stepped up with a solution of its own.
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Three ranking Democrats want answers on damning mortgage fraud audit

Lawmakers think DOJ has been lax in prosecutions
March 17, 2014
Three Democrats are asking to meet with Attorney General Eric Holder to discuss the Department of Justice and its allegedly lax and uneven prosecution of mortgage fraud cases, according to a letter from the three, dated March 17.
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