Truist Financial Corporation Rotten Score Breakdown

DOJ reached a $21 million settlement with SunTrust Mortgage, now part of Truist, over allegations that qualified African-American and Hispanic borrowers were charged higher mortgage fees because of race or national origin. DOJ reviewed more than 850,000 loans originated between 2005 and 2009. Source: https://www.justice.gov/archives/opa/pr/justice-department-reaches-21-million-settlement-resolve-allegations-lending-discrimination

Federal agencies and state attorneys general reached a $968 million agreement with SunTrust Mortgage, now part of Truist, addressing mortgage origination, servicing and foreclosure abuses. The resolution included $418 million tied to FHA origination and underwriting claims, $500 million in consumer relief and $50 million related to servicing practices. Source: https://www.justice.gov/archives/opa/pr/federal-government-and-state-attorneys-general-reach-nearly-1-billion-agreement-suntrust

SunTrust Mortgage, now part of Truist, agreed to pay $320 million to resolve a DOJ criminal investigation into its administration of the Home Affordable Modification Program. DOJ said SunTrust misled mortgage-servicing customers seeking HAMP relief, made material misrepresentations and omissions, and failed to process applications promptly, causing serious harm to thousands of homeowners. Source: https://www.justice.gov/usao-wdva/pr/suntrust-mortgage-agrees-320-million-settlement