Tag Archives: Citigroup

Hood details spending of state’s $47.1M share of foreclosure settlement

February 10, 2012

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A proposed national foreclosure fraud settlement provides an estimated $47.1 million in direct relief to Mississippi homeowners and addresses future mortgage loan servicing practices, Attorney General Jim Hood said Friday in announcing Mississippi’s participation in the $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud. The five […]

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Foreclosure fraud deal offers payments to displaced homeowners

February 9, 2012

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Up to two million Americans could benefit from mortgage relief from the nation’s biggest banks under a foreclosure fraud settlement of $25 billion announced Thursday. Mississippi and 48 other states signed on to the deal with Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial. The only remaining holdout is Oklahoma. The deal […]

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UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

February 8, 2012

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WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks […]

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