RBS to pay $5.5B in FHFA mortgage-bond settlement

The size of the potential settlement could. the case for the U.S. Federal Housing Finance Agency and is based upon a previous judgement in a separate case involving RBS. Nomura and RBS were ordered.

RBS to pay $4.9 billion in DOJ settlement over mortgage bond. – The Royal Bank of Scotland will pay nearly $5 billion in a settlement with the Department of Justice over the bank’s mortgage bond activities in the run-up to the housing crisis. The DOJ.

RBS to pay $5.5bn in FHFA mortgage bond settlement – Royal Bank of Scotland Group agreed to pay $5.5bn to settle the second of three major US mortgage-backed securities probes the bank must. RBS to pay $5.5bn in FHFA mortgage bond settlement.

Royal Bank of Scotland (NYSE:RBS) will pay the FHFA $5.5B to settle the agency’s claims. There’s still the DOJ to satisfy, and a settlement there could be billions more. Click to subscribe to real.

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“RBS failed to properly determine – and misstated – the quality of the mortgage loans comprising many mortgage-backed securities,” Jepsen said in a statement. As part of the settlement. case.

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The settlement with Royal Bank of Scotland was the 17th agreement reached by the agency. The 18 banks included two other British banks, Barclays and HSBC. They agreed to pay $280 million and $550 million, respectively, in settlements with the FHFA in 2014.

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The Royal Bank of Scotland Group plc RBS is about to reach a settlement with the Federal Housing Finance Agency (FHFA) regarding the sale of mortgage-backed securities to Fannie Mae and Freddie.

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The Royal Bank of scotland group plc (together with its subsidiaries, "RBS") has reached a settlement with the Federal Housing Finance Agency ("FHFA") as conservator of Fannie Mae and Freddie Mac, to resolve claims by FHFA in relation to RBS’s issuance and underwriting of approximately US$32 billion (25 billion) of residential mortgage-backed securities ("RMBS") in the US.

The settlement comes as RBS continues to seek to resolve a U.S. Justice Department investigation into its sales of mortgage-backed securities before the financial crisis. In July, RBS agreed to pay $5.

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The settlement comes as RBS continues to seek to resolve a U.S. Justice Department investigation into its sales of mortgage-backed securities before the financial crisis. In July, RBS agreed to pay $5.

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