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Politics

States Diverting Mortgage Settlement Money to Other Uses

May 16, 2012

As part of the mortgage settlement, banks agreed to pay the states $2.5 billion, money intended to help homeowners and mitigate the effects of the foreclosure surge. full story

More news

National mortgage settlement provides more than $45 billion in consumer relief

The nation's largest mortgage servicers have distributed $45.83 billion in direct relief to more than 550,000 homeowners, or roughly $82,000 per homeowner as part of the National Mortgage Settlement, according to a progress report released Thursday by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. Almost one year ago, the...

mycentraljersey.com (2 months and 26 days ago)

Marylanders have received $1.1B from Mortgage Settlement so far

Maryland homeowners have received over $1.1 billion in assistance from the National Mortgage Settlement, according to a report released Thursday by the settlement’s court-appointed monitor.

baltimoresun.com (2 months and 27 days ago)

BofA Settlement Clears Hurdle

Two states withdrew objections to a proposed $8.5 billion settlement between Bank of America and investors who purchased mortgage-backed securities

wsj.com (14 days ago)

New York to sue banks in mortgage settlement case

N.Y. attorney general alleges Wells Fargo, BofA haven't complied on mortgage settlement.

usatoday.com (11 days ago)

National Lampoon Sues Ex-CEO Tim Durham for Allegedly Embezzling 'Vacation' Money

Durham, serving 50 years in prison for running a Ponzi scheme, is now accused of diverting $1 million in Warner Bros. settlement money to his criminal defense attorney.

hollywoodreporter.com (2 months and 18 days ago)

California gets 40% of mortgage cash

California received more than 40 percent of the mortgage-relief benefits from a 49-state National Mortgage Settlement in 2012, a UCI professor reported Thursday. Katherine Porter, the law professor appointed to monitor the settlement for California,...

ocregister.com (2 months and 26 days ago)

Big bucks flowing to California home owners under mortgage settlement

Nearly 72,000 Californians have had their mortgages reduced or forgiven under terms of a multi-state mortgage settlement with six major banks.

mercurynews.com (2 months and 27 days ago)

Florida’s $200 million National Mortgage Settlement spending plan heads to governor

A plan to spend $200 million in National Mortgage Settlement money was approved 117-0 by the Florida House of Representatives on Tuesday and is headed to the governor’s office for signing.

palmbeachpost.com (17 days ago)

BofA, Wells sued fin mortgage settlement violation case

Lawsuits from New York Attorney General Eric Schneiderman are the first legal actions from federal or state officials over banks' alleged non-compliance with the mortgage settlement.

cnn.com (11 days ago)

Banks Paying Out $9.3B Mortgage Settlement

Morning Business Memo… Big banks will start mailing checks this week to about 4 million victims of mortgage abuses. But most borrowers will get less than $1,000 each as part of a settlement with US regulators. Many may have lost their homes to foreclosure because...

abcnews.com (1 month and 7 days ago)

States Diverting Mortgage Settlement Money to Other Uses

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