BBVA Compass Ordered to Pay $96.2 Million for Defrauding Texas Real Estate Developer

July 06, 2018

HousingWire, July 5, 2018--Ben Lane
BBVA Compass was ordered to pay more than $96 million to a Texas real estate developer and several associated business entities after a Dallas jury ruled that the bank committed fraud against the developer involving the financing of several high-end housing developments in the midst of the financial crisis. The company said it disagrees with the judgment and intends to appeal.

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