Credit Suisse Reaches $29M Settlement With NCUA – NMP Skip to main content

Credit Suisse Reaches $29M Settlement With NCUA

Mar 25, 2016
The National Credit Union Administration (NCUA) has announced a $29 million settlement

The National Credit Union Administration (NCUA) has announced a $29 million settlement from Credit Suisse stemming for claims of losses related to purchases of residential mortgage-backed securities (RMBS) by Members United and Southwest corporate credit unions.

However, the regulator has yet to settle its litigation against Credit Suisse for sales of faulty residential mortgage-backed securities to U.S. Central and Southwest corporate credit unions. NCUA has not announced whether it is negotiating with Credit Suisse to resolve those charges.

“NCUA will continue to meet its statutory obligation to secure recoveries for credit unions and ensure consumers remain protected,” said NCUA Board Chairwoman Debbie Matz. “We will continue to aggressively pursue recoveries against Wall Street firms that contributed to the corporate crisis with the goals of minimizing net losses of the corporate crisis and providing a future rebate to credit unions.”

About the author
Published
Mar 25, 2016
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026