• Ocwen5.42+0.26 +5.04%
  • Zillow37.40+2.63 +7.56%
  • Trulia47+0 +0%
  • NationStar18.70+0.82 +4.59%
  • CoreLogic37.89-0.28 -0.73%
  • RE/MAX53.50-0.15 -0.28%
  • Fannie Mae3.60+0.03 +0.98%
  • Freddie Mac3.50+0.07 +2.04%
  • Wells Fargo55.55+1.20 +2.21%
  • CitiMortgage57.92+0.64 +1.12%
  • Bank of America22.16+0.32 +1.47%
  • Fidelity National Financial32.66+0.73 +2.29%
  • First American36.39+0.84 +2.36%
  • AUDUSD=X0.7450-0.0010 -0.1394%
  • USDJPY=X114.0370-0.0110 -0.0096%
  • WP Stock Ticker
Home | Tag Archives: Deutsche Bank

Tag Archives: Deutsche Bank

Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default


New York-based private investment firm BlueMountain Capital, a purported holder of notes issued by HLSS Servicer Advance Receivables Trust (HSART) wrote a letter last month accusing Ocwen of breach of contract and default on certain notes serviced by HLSS. Ocwen subsequently issued a statement vowing to "vigorously defend itself" against BlueMountain's accusations.

Read More »

Deutsche Bank, Goldman Sachs Lose Bid for Securities Suit Dismissal

Two more banks have lost in their attempts to dismiss claims of misconduct in sale of mortgage-backed securities (MBS) to Fannie Mae and Freddie Mac. U.S. District Judge Denise Cote rejected motions filed by Goldman Sachs and Deutsche Bank, two of 16 defendants brought before her court by the Federal Housing Finance Agency (FHFA). In their arguments, attorneys for Deutsche Bank and Goldman say that FHFA's allegations are inadequate to support its claim of fraud.

Read More »

Aloha State Residents Allegedly Lost Millions in Foreclosure Sales

Hawaii is seeing a number of lawsuits against banks related to allegedly unfair foreclosure sales practices, The Honolulu Star-Advertiser reported Tuesday. Lawsuits have been brought against Deutsche Bank National Trust Co., Bank of America, U.S. Bank N.A., and Wells Fargo. In addition, a suit has also been filed against Routh Crabtree Olsen, a Washington firm with offices in Hawaii, for its alleged involvement.

Read More »

HUD Reaches $202M Settlement With Deutsche Bank

HUD announced Thursday that it reached a $202 million settlement with Deutsche Bank and Mortgageit over allegations of misconduct and false certifications with a government lender program. The agency said that Mortgageit acknowledged and accepted responsibility for false certifications it submitted to HUD in order to gain from a direct lender program under the Federal Housing Administration.

Read More »

NCUA Reaches Settlements with Two Banks

The National Credit Union Association (NCUA) has reached settlements with Citigroup and Deutsche Bank Securities regarding residential mortgage-backed securities sales to five wholesale credit unions that have recently failed. Citigroup agreed to pay $20.5 million, and Deutsche Bank agreed to pay $145 million to help lessen the losses incurred when the five credit unions failed. Neither bank admitted to fault when agreeing to the settlement. Total losses incurred from the five credit union failures stand at $3.3 billion, according to the NCUA.

Read More »

Financial Firms ‘Disappointed’ FHFA Chose Lawsuits Over Negotiations

The Federal Housing Finance Agency's decision to pursue legal action against firms that sold residential mortgage-backed securities to Fannie Mae and Freddie Mac could potentially strain relationships between the GSEs and the companies named as defendants, many of whom still sell mortgages to Fannie and Freddie and service home loans held by the two mortgage financiers. Some of the financial firms have been forthcoming with pledges to aggressively defend themselves against the allegations and are disappointed by the fact that FHFA has taken to the courts.

Read More »
Scroll To Top