Hood: State should see $47M from foreclosure settlement
by Associated Press
Published: February 10,2012
JACKSON — Attorney General Jim Hood says Mississippi’s share of the landmark settlement with the nation’s top mortgage lenders should be about $47.1 million.
The national $25 billion settlement between the lenders and 49 states was announced Thursday. It involved the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices.
Hood says the settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan servicing practices.
Hood says the settlement also puts a stop to many of the bad behaviors that contributed to the mortgage mess across the country.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- New boutique hotel to replace Oxford’s Downtown Inn
- Coast city to repay BP grant funding for Ocean Expo
- Eye clinic operator faces Medicaid fraud charges
- Mega-load move could cause traffic issues
- New owners plan cautious change for Highland Village
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Judge to weigh Hood's credit card issuer lawsuit
- Blue Origin successfully tests BE-3 rocket engine
- Allain to lie in repose at Capital Friday; funeral Saturday in Natchez
- Northrop Grumman begins production of five NATO drones