TV News LIES

Saturday, May 27th

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...


'One of a kind' landslide buries part of California's iconic coastal highway

Iconic CA highway landslideA massive landslide buried a section of California's iconic Highway 1 in Big Sur, according to...

Texas will allow adoption agencies to reject parents on religious grounds

Texas adoption bill includes religious exemptionThe Texas Legislature passed a bill extending religious liberty protections to the child welfare system, which...

CA teacher cites Bible in letter to school paper, says gay people 'deserve to die'

San Luis Obispo HS teacher: Gays deserve to dieIn a letter to the student newspaper, a San Luis Obispo High School teacher quoted a...

Supreme Court ruling wipes out Republican-drawn House districts in N.C.

Supreme Court ruling wipes out NC redistrictingThe Supreme Court ruled Monday that racial considerations pervaded the way North Carolina lawmakers drew congressional...
 
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!