Monthly Archives: June 2012

Mortgage Settlement Information

We just received word from the Department of Justice that a new settlement has been reached between mortgage lenders and borrowers that will pay out approximately 25 billion dollars to distressed borrowers, the state, and the federal government.  To determine if your loan might be affected by this settlement, please take a look at: http://www.justice.gov/ust/eo/public_affairs/consumer_info/nms/index.htm

This is the largest financial consumer protection settlement in U.S. history, and is attempting to provide some relief to borrowers who experienced abuses related to their mortgage servicing.

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