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Tag Archives: U.S. Attorney General Eric Holder

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

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 lenders — Bank of America, ...

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