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National Mortgage Settlement Funds to be mailed

By  Mike Vila on April  9, 2013 Approximately 4  million borrowers will share $3.6 billion in cash as part of a settlement between federal regulators and banks accused of foreclosure-processing mistakes. Most borrowers will receive checks ranging from $300 to $1,000. Bank regulators allowed consumers to ask for a review of their foreclosure files. About 439,000 of those getting payments under the settlement did so. Those borrowers will be paid twice as much as those who didn’t seek a review. Those who qualified for the smallest payments include many who lost their home...

April 9th, 2013 | Foreclosures, National Mortgage Settlement Funds to be mailed