Relevant:
- Adam Levin: Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement
- AGs Pressuring Regionals to Accept Mortgage Settlement
- Bank of America praised, criticized for homeowner relief
- Whistleblowers Win $46.5 Million in Foreclosure Settlement
- Dual Tracking Continues Could Cost Banks Millions in Fines
2012-11-05 — homepreservationnetwork.com
``Remember the settlement -- the $25 billion that America's five largest mortgage servicers paid out to atone for fleecing millions of American homeowners? Wells Fargo, Bank of America, JPMorgan Chase, Ally Financial and Citigroup were held accountable for fraudulent foreclosure practices -- including the notorious practice dubbed "robo-signing" -- that cost millions of Americans their homes. The idea was not just to punish the banks (and the jury is out on exactly how much this really does punish them), but to help beleaguered homeowners as well as raise the level of consumer financial awareness in this country so 2008 would never be repeated. ''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
