Deutsche Bank massive RMBS penalty gets cut in half

By jgaffney@housingwire.com Under the terms of the settlement agreement, Deutsche Bank agreed to pay a civil monetary penalty of $3.1 billion and to provide $4.1 billion in relief to American homeowners. Deutsche Bank initially fought the larger charge of $14 billion; the latest figure puts the penalty in the $7 billion range. …read more

From:: Real Estate Wire