Bank of America bought the UBS packaged mortgage securities in 2008. Countrywide Financial was the largest United States lender to subprime borrowers. In 2013, UBS reached a $885 million settlement with the US Federal Housing Finance Agency, and a private settlement with the Federal Home Loan Bank of San Francisco in 2016 for Countrywide mortgages. Many lawsuits had been filed since 2008 against lenders of subprime mortgages. UBS (4/8/25): "UBS is pleased to announce that it has reached an agreement with the United States Department of Justice (DOJ) to resolve a legacy matter related to outstanding obligations under a 2017 agreement Credit Suisse reached with the DOJ for its legacy Residential Mortgage-Backed Securities (RMBS) business. On 1 August 2025, Credit Suisse Securities (USA) LLC entered into an agreement with the DOJ to resolve all of Credit Suisse's outstanding Consumer Relief Obligations under the 2017 settlement by paying USD 300m.