NEW YORK (AP) — Fifth Third Bancorp has agreed to pay an $85 million settlement for not reporting flawed mortgages insured by the Federal Housing Administration to regulators. Between 2003 and 2013 the bank originated roughly 1,400 mortgage loans that it certified as eligible for FHA insurance, but later determined they were "materially defective" and therefore not eligible for FHA insurance, Preet Bharara, the U.S.
Fifth Third To Pay $85m Settlement For Flawed Mortgages
NewsOK.com RSS - business, Daily Oklahoman: Business
Tue, 10/06/2015 - 4:29pm
Topics: york ap federal housing administration preet bharara u.s attorney southern district new york department urban development the cincinnati-based u.s district judge deborah a batts newsok fifth third bancorp housing fha bharara hud fifth third bancorp pay settlement flawed mortgages losses bank loans insurance million defective tuesday defaulted eligible
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more