Mortgage-Backed Security

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RBS will pay $44 million for cheating customers in mortgage bond trading 

Oct 26, 2017By

RBS Securities agreed to pay $44 million as part of a non-prosecution agreement covering allegations that the company’s mortgage-backed securities trading group defrauded its customers out of millions of dollars by lying about mortgage bond trades, the Department of Justice and the Special Inspector General for the Troubled Asset Relief Program announced Thursday.

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