Societe Generale Fined $50 Million for Pre-Crisis RMBS Fraud
HousingWire, Jan. 23, 2017–Ben Lane
According to the Department of Justice, Societe Generale will pay a $50 million fine to resolve claims that the bank made a series of “false representations” about the loans that backed a residential mortgage-backed securitization, SG Mortgage Securities Trust 2006-OPT2.
