Friday, Oct 21st

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).


Most Recent Related Stories...

Judge blocks Mississippi law defunding Planned Parenthood

Planned ParentohoodA federal judge handed a victory to Planned Parenthood on Thursday in blocking a Mississippi law...

Washington sheriff fires back at NFL over Josh Brown case

Josh Brown admitted abuseKing County Sheriff John Urquhart fired back at the NFL, which called his agency out for...

Bridgegate Trial: Kelly Says Christie Knew About GWB ‘Traffic Study’

Brigid KellyIn the ongoing Bridgegate trial, former Governor Chris Christie Deputy Chief of Staff Brigid Kelly told...

3 St. Louis basketball players face charges in rape case

Lindenwood U rape charges against 3Three basketball players at Lindenwood University in suburban St. Louis are facing charges in connection with...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!