Tag Archives: settlement

Foreclosures Likely on the Rise

As negotiations over the $25 billion settlement dragged on, the banks involved in the settlement (Ally Financial, Bank of America, JPMorgan Chase, Wells Fargo and Citi) waited for the details. While they waited, they slowed down, or stopped the foreclosures they … Continue reading

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Colorado to deliver $204.6 million worth of relief to Colorado homeowners

Colorado Attorney General John Suthers announced yesterday that, out of the $25 billion multistate settlement with Ally Financial, Bank of America, JP MorganChase, Wells Fargo and Citi, eligible Colorado homeowners are entitled to a disbursement of $204.6 million. $32.49 million will be disbursed directly … Continue reading

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Banks reach settlement, have to PAY homeowners

The federal government reached a landmark $25 billion agreement today with the nation’s five largest mortgage servicers: Bank of America Corporation, JPMorgan Chase & Company, Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. (formerly GMAC). The agreement is suppose … Continue reading

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