Mortgage and auto loan securitisations inflict op risk losses

Megan van Ooyen
11 Apr 2017

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Faulty securitisations sold before the global financial crisis returned to sting a number of lenders in March following the resolution of a long-running class action lawsuit, while state regulators continued to mete out fines for more recent infractions.

Last month, Wells Fargo Advisors, Deutsche Bank Securities and RBS Greenwich Capital – now known as RBS Securities – reached a settlement with investors that purchased six residential mortgage-backed securities from NovaStar Mortgage Funding

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