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Tag Archives: National Mortgage Settlement

FORECLOSURE SETTLEMENT — AG concedes legislators likely to decide where $14.1M goes

Mississippi legislators will be the deciders in how to use a $14.2 million direct payment from a $25 billion national mortgage fraud settlement. Attorney General Jim Hood hopes legislators will allocate the money for such things as housing counseling, mortgage-education efforts and for programs to guide victimized homeowners through the settlement process. He concedes, however, it appears Mississippi lawmakers will ...

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Some states to use foreclosure settlement money to patch budgets

Seeing a chance to plug budget holes in their states, three governors are laying claim to portions of a recent $25 billion mortgage foreclosure settlement to be paid by five of the nation’s largest banks. Where authority for use of the money rests is not entirely clear. Some media reports say U.S., Attorney General Eric Holder and the 49 attorneys ...

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