BRIEF-SunTrust says cooperating with broad U.S. probe into foreclosure expenses

Wed Aug 6, 2014 6:49pm EDT

Aug 6 (Reuters) - SunTrust Banks Inc : * Says has been cooperating with federal prosecutors in broader-based industry

probe into foreclosure expenses -- SEC filing * Says has been cooperating with office of U.S. attorney for the southern

district of New York * Says probe concerns claims for expenses charged by law firms in connection

with foreclosure of loans backed by fannie mae, freddie mac

or the fha * Says probe relates to a private whistleblower lawsuit that was filed under

seal and remains in its early stages * Says it held unsuccessful settlement talks with U.S. attorney's office, and

that it is unclear how that office may proceed

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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