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RBS reaches $4.9 billion settlement with DOJ over pre-crisis mortgage bonds
May 10, 2018For the second time this year and at least the seventh time in recent memory, the Royal Bank of Scotland is about to cut a massive check as part of a settlement over the bank’s mortgage practices in the run-up to the housing crisis. Back in March, it was a $500 million settlement with the state of New York. Now, RBS is preparing for a nearly $5 billion settlement with the DOJ that would cover the bank’s issuance and underwriting of mortgage-backed securities between 2005 and 2007.
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Former Cantor Fitzgerald mortgage bond trader found not guilty of securities fraud
May 03, 2018 -
Jesse Litvak freed: Court overturns mortgage bond traderÕ fraud conviction, again
May 03, 2018 -
SoFi hires former Goldman Sachs head of mortgage securitization as new CFO
Apr 09, 2018 -
Private capital interest in mortgages growing? Angel Oak closes its largest securitization
Apr 05, 2018 -
loanDepot makes big move into mortgage securitization
Mar 27, 2018 -
UBS reaches $230 million settlement with New York over toxic mortgage bonds
Mar 21, 2018 -
RBS reaches $500 million settlement with New York over crisis-era mortgage practices
Mar 07, 2018 -
Fannie Mae CEO: We will return to profit in 2018
Feb 14, 2018 -
S&P: Mortgage bond issuance doubled in 2017, will continue rising in 2018
Jan 03, 2018 -
RBS reaches $125 million mortgage bond settlement with California
Dec 27, 2017
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