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FHFA announces $1.9B settlement with Deutsche Bank

Deutsche Bank (DB) will pay the federal housing finance agency .9 billion to settle securities claims that it misled Freddie Mac and Fannie Mae about the quality of loans bundled with mortgage-backed securities. Of the settlement, Fannie will get $300 million and Freddie will get $1.6 billion.

The Federal Housing Finance Agency and General Electric reached a settlement to resolve claims of faulty mortgage-backed securities sold to Freddie Mac.

 · In December, the bank agreed to a multimillion-dollar settlement with the United States Department of Justice for its involvement in the 2008 financial crises. Then in January, Deutsche Bank announced it would pay millions of dollars in fines for helping Russian investors launder nearly $10.

American optimism of future economy drops in June Economic uncertainty remains the top concern among Latin American CFOs. Other concerns include government policies, weak demand, and currency risk. Capital spending is expected to grow 2.2 percent and employment 2 percent over the next year. Business optimism in Africa rebounded to 51 this quarter. Employment should fall about one percent in Africa over the next 12 months.

The Federal Housing Finance Agency initiated litigation against 18 financial institutions involving allegations of securities law violations and, in some instances, fraud in the sale of private-label securities (PLS) to Fannie Mae and Freddie Mac. Below is a list of the cases, with amounts of any settlements reached in 2013 and 2014. 1.

Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis As per Depatment of Justice. WASHINGTON –The Justice Department, along with federal partners, announced today a $7.2 billion settlement with Deutsche Bank resolving federal civil claims that Deutsche Bank misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities.

 · The settlement requires Deutsche Bank to pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). Under the settlement, Deutsche Bank will also provide $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities.

FHFA announces $1.9B settlement with Deutsche Bank.. The deal resolves another private-label mortgage-backed securities lawsuit filed against a major bank by the FHFA on behalf of Fannie Mae.

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The Federal Housing Finance Agency inked a $1.9 billion settlement with Deutsche Bank (DB) Friday, settling claims related to alleged violations of federal and state securities laws. The deal.

Get the latest federal housing finance agency news, articles, videos and photos on the New York Post.. Deutsche Bank in $1.9B settlement with FHFA.. Deutsche Bank will pay $1.9 billion to.

Monday Morning Cup of Coffee: Mortgage lenders routing homebuyers to FHA? What will 2013 bring in terms of housing? Many analysts remain bullish. rising home values could prompt mortgage lenders to relax their stringent lending standards a bit, allowing more people to buy.

WASHINGTON –The Justice Department, along with federal partners, announced today a $7.2 billion settlement with Deutsche Bank resolving federal civil claims that Deutsche Bank misled investors in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007.