The Massachusetts public pension fund will receive $11.3 million from Countrywide Securities Inc. as a result of the company’s residential mortgage securitization activities in the state, the attorney general announced.
In addition to the payment to the Pension Reserves Investment Management Board, Countrywide will pay the state $6 million, according to Attorney General Martha Coakley.
The settlement is the result of a series of investigations by the state that have resulted in settlements. J.P. Morgan agreed late last year to pay $7 million to the pension fund.
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