Deutsche Bank to Pay $202 Million Over Mortgage Fraud

admin —  May 13, 2012 — Leave a comment

BBC NewsDeutsche Bank AG (DBK) agreed to pay $202.3 million to settle civil claims that its MortgageIT unit lied to qualify thousands of risky mortgages for a federal insurance program in what the US called a “massive fraud.” The US claimed in a lawsuit filed …FHA Lending Fraud Bust Leads to $202 Million Deutsche Bank Settlement Reverse Mortgage DailyDeutsche Bank pays $202M in NY mortgage fraud deal Bellingham HeraldDeutsche Bank admits US mortgage fraud BBC News Huffington Post  - Zacks.comall 17 news articles »

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Source: Bloomberg

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