TV News LIES

Thursday, Apr 17th

Last update09:36:54 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).

More...


Most Recent Related Stories...


Blast on site of explosives plants kills 1

Blast at explosive plantAn explosion and fire at a Tennessee plant where several ammunition and explosives businesses are based...

Bomb Squad Detonates Bags Left Near Boston Marathon Finish Line

Bpmb squad detonates two bags at finish line in BostonBoylston Street was evacuated Tuesday night after two bags were left at the finish line of...

Detroit makes deal with retired cops, firefighter

adetroit pension dealThe city of Detroit reached a deal with a group of retired police officers and firefighters...

NYPD Commissioner Bill Bratton disbands unit responsible for spying on Muslim communities

NYPDThe NYPD has disbanded a controversial unit that spied on Muslim communities, the department’s top spokesman,...
 
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!