DocMagic, Inc., a provider of fully compliant loan document preparation, regulatory compliance, and comprehensive eMortgage services headquartered in Torrance, California, announced that Deutsche Bank has successfully implemented and is ...
Read More »Judge Refuses to Toss Deutsche Bank Case
BlackRock Inc., Pimco among plaintiffs against the bank alleging mishandling of trusts.
Read More »Deutsche Bank Prepares to Tackle Legal, Law Enforcement Troubles
Since the close of the financial crisis, Germany's largest bank has faced several settlements related to violations of U.S. sanctions, rigging of interest-rate benchmarks, and allegations that it defrauded mortgage issuers Fannie Mae and Freddie Mac.
Read More »FDIC Suit Revived Against Deutsche, Goldman, and RBS
Lawsuits filed by the Federal Deposit Insurance Corp., accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities have been revived by the 5th U.S. Circuit Court of Appeals in New Orleans.
Read More »MBS Bank Demand is Unfocused; SFR Rent Values Surpass Home Values, says Report
Deutsche Bank recently released research titled “The Outlook in MBS and Securitized Products” finding that although a large piece of the market focuses on bank demand for mortgage-backed securities (MBS), not much focus has been placed on the shape of that demand. The report also noted that banks are adding longer lengths on MBS that would drop in value as rates go up.
Read More »Bank Asks Appellate Court to Revive 2012 Mortgage-Backed Securities Suit
HSBC Bank has asked the Court of Appeals in White Plains, New York, to consider reviving a 2012 lawsuit against Deutsche Bank Structured Products Inc. The 2012 claim alleged that Deutsche misrepresented the quality of residential mortgages it sold to investors in 2006.
Read More »Bank of America Settles Two Financial Crisis Lawsuits
Deutsche Bank‘s and BNP Paribas‘s mortgage units were investors in notes issued by Taylor Bean’s Ocala Funding unit, a mortgage conduit. The two banks sued Bank of America, which acted as middleman between the investors and Ocala, for $1.75 billion in 2009 over their losses on the notes.
Read More »NCUA Targets Deutsche Bank in Securities Trust Suit
In a lawsuit filed earlier this week, the National Credit Union Administration (NCUA) charged Deutsche Bank National Trust Company with negligence in its role as trustee for 121 residential mortgage-backed securities (RMBS) trusts, leading to the collapse of five corporate credit unions.
Read More »