Friday, April 15, 2016

UBS will pay $69.8 million to NCUA for credit union RMBS losses

The National Credit Union Administration announced that it reached a $69.8 million settlement with UBS, which becomes the latest to settle with the NCUA over losses related to several corporate credit unions’ purchases of faulty residential #mortgage-backed securities in the run-up to the financial crisis. http://www.housingwire.com/articles/36816-ubs-will-pay-698-million-to-ncua-for-credit-union-rmbs-losses ❤️ #share #mortgage



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