FHFA, RBS reach nearly $99.5 million MBS settlement

(Adds details on case, other settlements, byline) By Jonathan Stempel. June 19 (Reuters) – Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator’s claims against the bank over freddie mac (berlin: fhl.BE – news) ‘s purchase between 2005 and 2007 of mortgage-backed securities that later went sour.

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Royal Bank of Scotland Group agreed to pay $5.5 billion to settle the second of three major U.S. mortgage-backed securities probes the government-owned lender must overcome before it can fully return to the private sector.. RBS to pay $5.5B in FHFA mortgage-bond settlement Published. July 12.

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announced its latest settlement for $99.5 million with RBS Securities (RBS). This time the settlement addresses the claims against RBS in FHFA vs. Ally Financial (ALLY) in the Southern District of New.

Lawyers for Nomura and RBS could not immediately be reached for comment.. The FHFA has recovered more than $23 billion from the settlements, The banks later agreed to pay another $33 million for costs and.

The announcement adds more fuel to the fire of speculation that the bank will soon reach a settlement regarding. $1.1 billion due to other MBS related sales. rbs previously agreed to pay $99.5.

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.

 · A U.S. housing regulator is set to take two of the world’s biggest banks to trial on Monday to try and recoup more than $1 billion in damages over.

 · Between 2007 and July 2017, credit crisis-related settlements totaled $133.2 billion.[1] While settlements related to the credit crisis are no longer near.

Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Royal Bank of Scotland Group plc, related companies and specifically named individuals (collectively RBS) for $5.5 billion.