Independent Foreclosure Review
As part of the $9.2 billion dollar settlement between federal regulators and fourteen mortgage companies, some people began receiving checks on Tuesday, April 16, 2012. Most of the checks are small, averaging less than a $1,000.00. A few number of borrowers, mostly military personnel, who were improperly foreclosed on could receive as much as $125,000.00 […]
$10 Billion Settlement Expected On Past Abuses In Home Loans
The Office of the Comptroller of Currency announced they are close to a $10 billion settlement with 14 banks related to the U.S. government’s efforts to hold lenders responsible for foreclosure abuses. The announcement comes after just one month of secret talks between regulators and lenders. Among the lenders included in the negotiations are JP Morgan […]