UBS Will Pay $69.8 to NCUA for Credit Union RMBS Losses

HousingWire, Apr. 15, 2016–Lane, Ben

The National Credit Union Administration announced it reached a $69.8 million settlement with UBS, as the company becomes the latest to settle with the NCUA over losses related to several corporate credit unions’ purchases of faulty residential mortgage-backed securities in the run-up to the financial crisis.