SunTrust reached $968 million agreement over mortgage origination, servicing and foreclosure abuses
Company: Truist Financial Corporation
Summary
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