TV News LIES

Wednesday, Nov 22nd

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...


David Cassidy, ‘Partridge Family’ Star, Dies at 67

David Cassidy dies at 67 David Cassidy, pop culture idol of the 1970s, died Tuesday in a Florida hospital. The musician...

Bill Maher Disputes NY Post Story Accusing Al Franken of Groping Arianna Huffington

Bill Maher disputes NY Post photos of Al Franken and Arianna There is nothing Bill Maher hates more than people taking comedy too seriously. And that appears...

Uber covered up massive hack that exposed data of 57m users and drivers

Uber covered up massive hack Uber concealed a massive global breach of the personal information of 57 million customers and drivers...

Della Reese, 'Touched By An Angel' Star And Singer, Dies At 86

Della Reese dies at 86 Della Reese, a performer and pastor best known for her starring role on the CBS spiritual...
 
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!