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Deutsche Bank, RBS, Wells Fargo settle for $165 million over NovaStar mortgages

Mar 15, 2017By

Deutsche Bank, Royal Bank of Scotland, and Wells Fargo reached a $165 million settlement in class action lawsuit brought by pension funds over faulty crisis-era mortgages originated NovaStar Mortgage, the plaintiffs’ attorneys announced on Wednesday. If approved by judge, the settlement would bring a nine-year legal battle to a close.

3d rendering of a row of luxury townhouses along a street

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