Credit Suisse becomes latest to settle with NCUA over credit union RMBS losses

Fremont’s Subprime Platform Collapses; FDIC Steps In Credit Suisse becomes latest to settle with NCUA over credit union RMBS losses The Justice Department announced today a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (rmbs) between 2005 and 2007.Former.

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The National Credit Union Administration (NCUA) and the Royal Bank of Scotland (RBS) have reached a $1.1 billion agreement to settle two separate federal cases that arose out of RBS’s sale of residential mortgage-backed securities (RMBS) to two corporate credit unions that later failed and were placed into NCUA conservatorship.

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On Thursday, Swiss Bank – Credit Suisse Group AG CS agreed to a settlement by paying $29 million to the U.S. regulator for credit unions – National Credit Union Administration. unions due to losses.

The NCUA, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, has received $445 million from UBS for claims arising from losses related to purchases of residential mortgage-backed securities by those corporate credit unions.

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The National Credit Union Administration announced earlier this week that it reached a $29 million settlement with Credit Suisse over losses related to several corporate credit unions’ purchases of.

Law360, New york (december 17, 2012, 3:05 PM EST) — The National Credit Union Administration on Monday sued. "Indeed, a material percentage of the loans collateralizing the RMBS were all but.

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The Wall Street Banking giant has purchased commodity trading books of Credit Suisse. Union Administration (NCUA) – has sued Wells Fargo for recovering losses on $2.4 billion worth of RMBS that.