General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential MBS

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, April 12, 2019 General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities The Department of Justice today announced that …

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