SunTrust Settles Some Mortgage Claims With Regulators

October 10, 2013
Reuters 
mortgage lending news

SunTrust Banks Inc. on Oct. 10 announced that it has reached agreements with the Department of Housing and Urban Development and the Department of Justice to settle mortgage origination claims and its obligation under the national mortgage servicing settlement.

As part of the agreement, SunTrust said it would take a charge of $323 million in the third quarter. The company must also pay $500 million to consumers and a cash payment of $468 million.










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