Deutsche Bank agrees to pay $7.2 billion in settlement over misconduct in mortgage securities

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Deutsche Bank agrees to pay $7.2 billion in settlement over misconduct in mortgage securities

Deutsche Bank agrees to pay $7.2 billion in settlement over misconduct in mortgage securities

CNBC-

Deutsche Bank agreed on Tuesday to pay $7.2 billion for misleading investors in its sale of residential mortgage-backed securities, among the largest resolutions of its kind.

The U.S. Justice Department said the settlement requires Germany’s largest lender to pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act.

It will also provide $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities.

The Justice Department said it is “one of the largest FIRREA penalties ever paid.”

[CNBC]

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3 Responses to “Deutsche Bank agrees to pay $7.2 billion in settlement over misconduct in mortgage securities”

  1. dani says:

    SMALL CHANGE FOR THE PAIN THEY CUSE SO MANY HOMEOWNERS IN AMERICA
    THAT THEY STOLE THEIR HOMES FROM

  2. Yet wer are still in the court trying to prove they have no legal right to take our homes with false fake fraudulent notes and assignments. The alleged trust that does not exist in my court case is listed on this pdf Long Beach Mortgage Loan Trust 2006-4, after committing mod fraud on me.
    Shelley
    Committing fraud upon the court.
    Type a message…

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