Roughly $25 billion in relief for distressed borrowers, states and federal government.After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: Ally/GMAC Bank of America Citi JPMorgan Chase Wells FargoThe settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal go... Continue reading ...
As part of the attorneys general settlement, the banks report today that they are
completing a review to determine accounts that may be eligible for the
refinance option. Chase claims that if you are eligible for a refinance through the
settlement, they will notify you by mail in the next few months. "You do
not need to apply."
Your loan must be owned and serviced by Chase
Please note that your loan must be owned and serviced by
Chase in... Continue reading ...
Posted by Michele A Peters on Friday, February 10, 2012,
Announced yesterday:A.G. SCHNEIDERMAN SECURES $136 MILLION FOR STRUGGLING NEW YORK HOMEOWNERS IN MORTGAGE SERVICING SETTLEMENTAfter Schneiderman's Persistence, Narrow Settlement Preserves Sweeping Legal Claims For Housing Crisis Misconduct That Has Not Yet Been InvestigatedNew York To Receive More Per Underwater Borrower Than Any Other State, Plus Loan Modifications, Principal ReductionsSchneiderman: Civil & Criminal Investigations Will Continue As We Seek Accountability For Those Responsible... Continue reading ...
General Practice Law Firm in NJ and NY.
