Items Tagged with 'Deutsche Bank'

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Monday Morning Cup of Coffee: Deutsche Bank cutting back on mortgage business?

Plus, a new name emerges to serve as Trump's HUD secretary
Is Deutsche Bank about to cut back on its mortgage business? It appears so. Plus, a new name emerges to run HUD in President-elect Donald Trump's administration. And why is a massive Silicon Valley venture capital firm investing in a real estate loan marketplace? All that, and more, in your Monday Morning Cup of Coffee.
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Monday Morning Cup of Coffee: Illinois looks to end ties with Wells Fargo; TRID anniversary

What's going on with Deutsche Bank?
One year ago today marked a pivotal change in the industry: the CFPB officially held lenders, vendors and everyone in the industry accountable for the Know Before You Owe rule. Meanwhile, trouble is far from over for Wells Fargo as the city of Chicago and the state of Illinois add their names to the list of places that are still looking for retribution.
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DOJ mortgage settlement with Deutsche Bank to cost $14B?

Settlement talks still in progress
While an official settlement is not yet public, it’s rumored that the U.S. Justice Department proposed that Deutsche Bank AG pay $14 billion to settle a case that dates back to the financial crisis. An article in The Wall Street Journal cites sources close to the matter for what outcome the industry could possibly expect.
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JPMorgan, FDIC, Deutsche Bank finalize settlement in WaMu mortgage suit

JPM paid $645 million from receivership estate
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is finally over. The settlement closes the door on issues that date back to the financial crisis. After nearly a decade of back and forth battles, here's what the parties agreed on.
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Deutsche Bank negotiating with DOJ on mortgage bond settlement

Discloses ongoing talks with government on RMBS activities
Deutsche Bank revealed Wednesday that it is currently in negotiations with the Department of Justice to resolve an investigation into the bank’s mortgage bond activities. The bank’s earnings materials don't disclose what specific matter the DOJ is investigating, but the DOJ has been looking into Deutsche Bank's mortgage-backed securities activities since at least 2013.
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FDIC wins $190M settlement for toxic Countrywide mortgage bonds

Settlement stems from failure of five banks
The ghosts of Countrywide past just struck again, as the Federal Deposit Insurance Corporation announced Thursday that eight major financial institutions will pay $190 million total to settle a series of lawsuits tied to toxic Countrywide mortgage bonds that subsequently led to the failure of five banks during the housing crisis.
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