BB&T Sets Aside $85 Million Over Possible Fine On FHA Loans

BB&T has disclosed in a Securities and Exchange Commission filing that it's taken an $85 million charge, relating to a fine it may have to pay over BB&T's Federal Housing Administration-insured loan origination process. In November and December of 2014, BB&T received subpoenas from the Department of Justice seeking additional information related to the Housing and Urban Development review. BB&T is cooperating and is in the process of responding to these subpoenas. BB&T said the hit could range from $25 million to $105 million.

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