Items Tagged with 'CalSTRS'

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  • RBS reaches $125 million mortgage bond settlement with California

    Settlement covers “misrepresentations” of RMBS sold to state pension funds
    Earlier this year, the Royal Bank of Scotland finally reached a $5.5 billion settlement with the Federal Housing Finance Agency over alleged violations of federal and state securities laws in connection with private-label residential mortgage-backed securities trusts purchased by Fannie Mae and Freddie Mac from 2005 to 2007. But RBS’ legacy issues are not done and dusted yet.
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  • Retired Teachers Seek Mortgage Servicer

    The California State Teachers' Retirement System (CalSTRS) is hiring, and only qualified mortgage servicers need apply. CalSTRS said late last week it is looking to hire a firm to act as master servicing agent of its steadily expanding home loan program, which for 25 years has provided its members with mortgage products at reasonable current market values, with options like down payment assistance and reverse mortgages available, according to a statement.
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