A government investigation into The Royal Bank of Scotland Group plc’s role in securitizing home loans will be resolved through a multi-billion-dollar settlement.
The investigation focuses on RBS’ issuance and underwriting of residential mortgage-backed securities that were securitized between 2005 and 2007.
So, in order to put an end to the investigation, the U.K.-based financial institution announced a civil settlement in principle with the U.S. government.
Source: Mortgage Daily
