Home >> Tag Archives: Royal Bank of Scotland

Tag Archives: Royal Bank of Scotland

Mortgage Rates Dip as All Eyes on Fed

Fed

On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.

Read More »

Which Bank Will be Next to Settle RMBS Fraud Claims?

Last week’s settlement between Goldman Sachs and several regulators, including the U.S. Department of Justice, for $5 billion to resolve claims of RMBS fraud has fueled speculation among analysts that the Royal Bank of Scotland (RBS) will reach a settlement in the next few weeks to resolve claims.

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 »

Report: RBS May Pay More in FHFA Settlement

Royal Bank of Scotland (RBS) may have to pay additional penalties to settle claims that it sold faulty U.S. mortgage-backed securities in the years leading up to the housing market crash, according to a report from Reuters.

Read More »

RBS, FHFA Reach $99.5M Settlement in Securities Case

The Federal Housing Finance Agency (FHFA), functioning as the conservator for Freddie Mac, announced a $99.5 million settlement with RBS Securities, Inc. The settlement resolves alleged violations of federal and state securities law in connection with private-label mortgage-backed securities (PLS) purchased by Freddie Mac during 2005 to 2007.

Read More »

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.