After submitting a Freedom of Information Act (FOIA) request, CRC calculated that the FDIC has already paid out more than $1 billion to OneWest Bank to cover their costs for foreclosures. According to data provided by the FDIC, the FDIC estimates it will pay out another $1.4 billion to OneWest Bank by 2019.

Read about the Shared Loss Agreement, and a CRC protest at OneWest’s Headquarters here: Los Angeles Times: Advocacy group protests CIT Group deal for OneWest Bank