Ten major mortgage servicing banks agreed Monday to pay $8.5
billion to settle charges that they wrongfully foreclosed on millions of
homeowners in the wake of the 2008 financial crisis, particularly through
"robo-signing" practices, when banks automatically signed off on
foreclosures without properly reviewing documents, according to a statement
released jointly by the Office of the Comptroller of the Currency and the
Federal Reserve.
Showing posts with label Foreclosure Settlement Deal With Feds. Show all posts
Showing posts with label Foreclosure Settlement Deal With Feds. Show all posts
Monday, January 14, 2013
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