Under the terms of the settlement agreement, Deutsche Bank agreed to pay a civil monetary penalty of $3.1bn and to provide $4.1bn in relief to American homeowners. Deutsche Bank initially fought the larger charge of $14 billion; the latest figure puts the penalty in the $7bn range. http://www.housingwire.com/articles/38835-deutsche-bank-massive-rmbs-penalty-gets-cut-in-half ❤️ #share #mortgage
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