National Mortgage Settlement Checks for $1,480 to Go Out June 10:
National Mortgage Settlement checks for about $1,480 will be sent starting June 10, with a completion date of June 17.
According to releases from various state attorneys general offices, Rust Consulting, the settlement administrator, will mail the payments associated with 962,278 loans. Rust Consulting also serves as the paying agent for the Independent Foreclosure Review settlement.
According to the mortgage settlement website, about $1.5 billion from the $25 billion settlement will be used to compensate borrowers who lost their home to foreclosure between 2008 and 2011 and had a mortgage that was serviced by one of the five banks in the settlement-Ally, Bank of America, Citi, JPMorgan Chase and Wells Fargo, the .. [Read More] ... publish by Trinityrealtyandinvestment at Whittier Real Estate ....
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