Posts with tag foreclosure settlement funds

About six months after 49 states' attorneys general agreed to a massive settlement with the nation's largest mortgage lenders over their practices in foreclosing on consumers, many of those states haven't put their payouts to proper use. The national mortgage settlement, which totaled $25 billion in all, was supposed to... Continue Reading »

Homeowners who welcomed the recent "robosigning" settlement while thinking that it might offer them some relief on their "underwater" mortgages may see those funds diverted for other purposes in nearly half of the states involved. The $25 billion settlement over illegal foreclosures that was reached between state... Continue Reading »