TV News LIES

Sunday, Apr 19th

Last update09:01:45 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...


Woman Cites Religious Freedom Law To Defend Her Right To Feed The Homeless​

Woman cite religious freedom lawJoan Cheever of San Antonio has been serving meals to the city’s homeless for 10 years....

Texas lawmakers poised to allow the open carrying of handguns

Texas open carry gun lawTexas lawmakers are on the brink of passing “open carry” gun legislation that critics say will...

Skeptics suspicious of sudden Walmart closures, claims of plumbing issues

Walmart protestMultiple Walmart stores across the United States caught employees and customers off-guard this week when the...

At least 14 injured in Fresno gas pipeline explosion

fresno gas explosionA gas pipeline explosion near Fresno injured at least 14 people and shut down a section...
 
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!