Deutsche Bank to Pay $202 Million to Settle Suit

Deutsche Bank came under pressure to settle its long legal battle with the heirs of German media mogul Leo Kirch, after a German appeals judge said the bank could be forced to pay as much as €1.5 billion ($1.91 billion) in damages if the decision is left to the court.

Deutsche Bank came under pressure to settle its long legal battle with the heirs of German media mogul Leo Kirch, after a German appeals judge said the bank could be forced to pay as much as €1.5 billion ($1.91 billion) in damages if the decision is left to the court.

NEW YORK (Reuters) -

Deutsche Bank will pay the government $200 million to settle accusations that it misled the Department of Housing and Urban Development about the quality of mortgages that later defaulted.

NEW YORK (Reuters) - Deutsche Bank AG has agreed to pay $32.5 million to investors who said they were misled about the quality of mortgage loans sold to them as highly rated securities right before the U.S.

Congress has raised the maximum mortgage limits for the FHA while leaving loan ceilings untouched for Fannie Mae and Freddie Mac.

By Todd Sullivan: Now I know why the Federal Housing Financing Agency (FHFA) took 3 years up until the statute deadline to file this suit…they got nothing.