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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