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Many eligible borrowers passing up foreclosure reviews

May 21, 2012

Millions of borrowers eligible for reviews of their foreclosure cases are passing up a chance for compensation if errors are found. full story

More news

Despite Aid, Borrowers Still Face Foreclosure

Homeowners who received help on their second mortgage are still facing foreclosure, according to housing advocates.

cnbc.com (3 months and 1 day ago)

Foreclosure abuse checks are in the mail

Checks are in the mail to some of the 4.2 million U.S. borrowers who faced foreclosure or lost homes during the height of the foreclosure crisis. Major mortgage servicers are making the payments as a result of a $9.3 billion settlement between...

ocregister.com (1 month and 8 days ago)

Payments start in $3.6B foreclosure settlement

More than 4 million mortgage borrowers to receive $300 to $125,000 for foreclosure errors.

usatoday.com (1 month and 13 days ago)

Boomerang buyers return to market after foreclosure

Borrowers who lost homes to foreclosure during the housing bust are starting to buy again.

cnn.com (2 months and 15 days ago)

GAO Blames Regulators For Faulty Foreclosure Reviews But That's Not The Whole Story

The Government Accountability Office (GAO) will soon issue its report of the second phase of an examination of the OCC/Fed sponsored mortgage servicer foreclosure review process. In 2011, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Federal Reserve), and the Office of Thrift Supervision (OTS) issued consent orders...

forbes.com (1 month and 19 days ago)

Limited Relief in Foreclosure Pact

Most borrowers will receive checks ranging from $300 to $1,000 under the settlement between federal regulators and banks accused of foreclosure-processing mistakes.

wsj.com (1 month and 9 days ago)

Independent Foreclosure Review: Payments to 4.2 Million Borrowers Covered by Fraudclosure Agreement to Begin April 12

Payments to 4.2 Million Borrowers Covered by Foreclosure Agreement to Begin April 12 WASHINGTON — Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers. The agreement, which was reached earlier this year, provides $3.6...

zerohedge.com (1 month and 13 days ago)

U.S. Banks to Send Checks for $3.6 Billion in Foreclosure Settlement

Filed under: Housing Market, Foreclosure, Economy The nation's largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis. A total of $3.6 billion in cash will be distributed to 4.2 million borrowers who lost their homes or were at risk of foreclosure, the Federal Reserve and the U.S....

dailyfinance.com (1 month and 13 days ago)

Grants provide $9M for foreclosure assistance

A fund that is distributing money from a national settlement with mortgage lenders is giving 21 California organizations a total of $9.4 million to help borrowers who face the loss of their homes to foreclosure.

modbee.com (1 month and 4 days ago)

Grants provide $9M for foreclosure assistance

sacbee.com (1 month and 4 days ago)

Many eligible borrowers passing up foreclosure reviews

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