SunTrust settles with government over mortgages


SunTrust (STI +1.4%) will pay $968M ($500M of consumer relief and $468M cash) to settle legacy mortgage issues with HUD, the DOJ, the CFPB, and 49 state attorneys general.

The deal covers deficiencies not just in mortgage origination, but servicing and foreclosures.

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Comments (3)
  • Trader's Profit Compass
    , contributor
    Comments (2069) | Send Message
     
    O-hole and his henchmen at work...true bank robbers
    17 Jun 2014, 03:42 PM Reply Like
  • BIGMOTHE$$GUY
    , contributor
    Comments (2) | Send Message
     
    Looks like the word TRUST has been misused!! Regards
    17 Jun 2014, 04:00 PM Reply Like
  • payroll guy
    , contributor
    Comments (4) | Send Message
     
    If the DOJ lets up, banks would lend, economic growth would accelerate, jobless would find work.
    17 Jun 2014, 09:07 PM Reply Like
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