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Deutsche Bank Said to Eye New Home Lending for Settlement

By Tony Seruga

German bank looks at offering funding to home loan companies
Deals would help bank meet requirements under U.S. settlements

Deutsche Bank AG is finding that there just isn’t enough soured U.S. mortgage debt anymore.

The German bank needs the stuff, after agreeing to provide $4.1 billion of relief to borrowers as part of a larger legal settlement with the U.S. It’s already been planning to finance fund managers that would in turn buy underwater mortgages and ease their terms, but that may prove too expensive to cover all its needs. Now it’s also looking at indirectly funding new loans to subprime borrowers, according to a person with knowledge of the situation…

Deutsche Bank Said to Eye New Home Lending for Settlement

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