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Government Lending

Politics and money news can have a swift and significant impact on the housing industry, whether it’s related to policy changes that will directly affect the mortgage industry or a change in political leadership that is expected to trickle down and impact the mortgage and housing industries. As a housing market professional, it’s important to stay informed on politics and money news and understand how it may affect the housing and mortgage industries now and in the future.
HousingWire’s politics and money coverage, which spans breaking news, expert commentary and more, can keep you up to date on the news and coverage that matters to you. 

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RBS to pay $20 million to Illinois pension funds over crisis-era mortgage bonds 

Jul 05, 2018By

For the third time this year, the Royal Bank of Scotland is about to pay up over the bank’s mortgage practices in the run-up to the housing crisis. RBS has already reached a nearly $5 billion settlement with the Department of Justice and a $500 million settlement with the state of New York. Now, the bank has agreed to a new $20 million settlement with the state of Illinois.

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