By Margaret ChadbournWASHINGTON (Reuters) - Foreclosed houses managed by Deutsche Bank in black and Latino neighborhoods had more broken windows, damaged roofs, overgrown lawns and trash in the yard than those it managed in nearby white neighborhoods, a nonprofit group said in a complaint to federal officials on Tuesday.The bank took much better care of foreclosed homes in white neighborhoods, and also marketed them more effectively, said the National Fair Housing Alliance, which filed its accusations with the U.S. Department of Housing and Urban Development.
The Wall Street Journal reported today J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department. However a criminal investigation is not yet closed.
J.P. Morgan Chase & Co. has reached a tentative deal to pay a record $13 billion to the Justice Department to settle a number of outstanding probes of its residential mortgage-backed securities business, according to a person familiar with the decision.
Standard & Poor’s Financial Services has agreed to pay $1.375 billion to settle a Justice Department-led lawsuit that alleges the ratings firm had defrauded investors by issuing inflated ratings in the years preceding the financial crisis.