SunTrust Settles Some Mortgage Claims With Regulators

October 10, 2013
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.

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.