Posts Tagged ‘Citi’

State grabs $7.7M of foreclosure settlement

by Ted Carter Published: May 27,2012

Tags: Bank of America, Chase, Citi, GMAC, Jim Hood, Mississippi Center for Legal Services, Mississippi Center of Justice, Mississippi Home Corporation, money management, mortgage settlements, North Mississippi Rural Services, Wells Fargo

The mortgage foreclosure fiasco has turned out to be a bonanza of sorts for Mississippi state government. Mississippi’s general fund will receive a $7.7 cash infusion from the national legal settlement state Attorney General Jim Hood and 48 other attorneys general negotiated with giant mortgage servicers Bank of America, Citi, Chase, GMAC and Wells Fargo. [...] [...]

Fewer than 5,000 Mississippi foreclosed homeowners to get financial settlements

by Ted Carter Published: February 19,2012

Tags: Ally/GMAC, Bank of America, Chase, Citi, Jan Schaefer, Jim Hood, Mississippi, Mississippi Banking Commission, Mississippi Business Journal, Nationalforeclosuresettlement.com, Theresa Brady, Wells Fargo

About 4,235 Mississippi homebuyers whose homes were foreclosed on may be eligible for cash payments under a national settlement reached with five giant banks for fraudulent foreclosure practices, Attorney General Jim Hood’s office said. The national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan [...] [...]

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