HUD, HUD INSPECTOR GENERAL AND U.S. ATTORNEY ANNOUNCE $202 MILLION SETTLEMENT WITH DEUTSCHE BANK AND MORTGAGEIT

WASHINGTON, D.C. – May 14, 2012 – (RealEstateRama) — Preet Bharara, the United States Attorney for the Southern District of New York, Stuart F. Delery, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today that the United States has settled a civil fraud lawsuit against DEUTSCHE BANK AG, DB STRUCTURED PRODUCTS, INC., DEUTSCHE BANK SECURITIES, INC. (collectively “DEUTSCHE BANK” or the “DEUTSCHE BANK defendants”) and MORTGAGEIT, INC. (“MORTGAGEIT”)


More info...

SHARE
Avatar

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

Previous articleHUD ANNOUNCES AGREEMENT WITH NEBRASKA LANDLORD TO SETTLE HOUSING DISCRIMINATION COMPLAINT
Next articleCONSTRUCTION MATERIALS PRICES INCH UP IN APRIL, WHILE CONTRACTORS’ PRICES FOR NEW NONRESIDENTIAL BUILDINGS RISE MODERATELY