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Tag Archives: robo-signing

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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Foreclosure fraud deal offers payments to displaced homeowners

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 settles charges of systemic and ...

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