TV News LIES

Saturday, Jul 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...


Judge declines to remove block on Trump sanctuary cities order

Judge William OrrickA federal judge in California has denied a request by the Trump administration to remove an...

California wildfire explodes to 45,000 acres; thousands evacuated

California wildfiresA Central California wildfire has doubled in size -- to more than 45,000 acres -- and...

O.J. Simpson granted parole after 9 years in prison

OJ Simpson gets parole.Simpson qualified for a number of mitigating factors that supported his early parole and has been...

New Hampshire decriminalizes small amounts of marijuana

NH decriminalizes small amounts of potNew Hampshire has decriminalized the possession of small amounts of marijuana, joining more than 20 states...
 
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!