Tuesday, Dec 01st

Last update10:20:08 PM 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...

Chicago police head fired after officer charged with murder

Garry McCarthy firedChicago Mayor Rahm Emanuel fired his police superintendent on Tuesday after it took 13 months to...

Texas Seeks to Ban Refugee Aid Groups From Using Pro-Refugee Speech

AbbottTexas has a message for refugee aid organizations: Stop providing aid or we’ll sue.Texas Gov. Greg...

Kern County, CA: the story of America's deadliest police

Kern County, CASeventy-five years after Kern County’s leaders banned The Grapes of Wrath from their schools and libraries,...

Former NYS Assemblyman Sheldon Silver found guilty on all counts in corruption case

Sheldon Silver convictedSheldon Silver has gone from one of Albany’s famed “three men in a room” to one...
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!