TV News LIES

Friday, Jan 20th

Last update05:20:13 AM GMT

You are here News Domestic (USA) Mass. AG: Countrywide to pay $17.3M in settlement

Mass. AG: Countrywide to pay $17.3M in settlement

E-mail Print PDF

countrywideThe Massachusetts state employees' pension fund will receive more than $11 million as part of a settlement with Countrywide Securities Corp., state Attorney General Martha Coakley said Monday.

The settlement was announced as part of Coakley's industry-wide review of residential mortgage securitization practices in Massachusetts.

The total settlement with Countrywide is $17.3 million. It includes a $6 million payment to the state.

The pension fund can also expect to receive an additional $7 million early in 2014 as a result of a $34 million settlement with JPMorgan announced by Coakley's office last month.

The settlements with Countrywide and JPMorgan are the latest in a series of six similar settlements with total payments of more than $300 million going back to 2009, according to Coakley.

They include settlements with Goldman Sachs ($60 million), Morgan Stanley ($102 million), Royal Bank of Scotland ($52 million), and Barclays Bank ($36 million).

More...


Most Recent Related Stories...


'NCIS: Los Angeles' star Miguel Ferrer dies at 61

Miguel Ferrer dies at 61NCIS: Los Angeles actor Miguel Ferrer -- son of Jose Ferrer and Rosemary Clooney, and cousin...

Drug lord Joaquin 'El Chapo' Guzman extradited to US

El chapo extradited to USMexico's government extradited drug lord Joaquin "El Chapo" Guzman to the United States where he is...

Appeals court tells judge to allow transgender name changes

Georgia Appeals CourtA Georgia appeals court has overturned a lower court judge's orders denying legal name changes to...

George HW Bush and wife in hospital

bush coupleFormer US President George HW Bush and his wife Barbara Bush have been admitted to a...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!