Tags: fine | mortgage | origination | SunTrust

SunTrust to Pay Nearly $1 Billon for Mortgage Origination Practices

Tuesday, 17 Jun 2014 03:34 PM

SunTrust Mortgage Inc. has agreed to pay $968 million to settle a U.S. federal probe into allegations of mortgage origination, servicing and foreclosure abuses, the U.S. Justice Department said on Tuesday.

SunTrust, the seventh-largest mortgage servicer, disclosed in October it had set aside $1.2 billion to settle the probe.

Five top banks in 2012 entered into a landmark $25 billion deal to resolve similar allegations of servicing misconduct.

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SunTrust Mortgage Inc. has agreed to pay $968 million to settle a U.S. federal probe into allegations of mortgage origination, servicing and foreclosure abuses, the U.S. Justice Department said on Tuesday.
fine, mortgage, origination, SunTrust
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2014-34-17
Tuesday, 17 Jun 2014 03:34 PM
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