Monday, April 16, 2012

Court Approves Historic 25 Billion Dollar Servicing Settlement

Last week, U.S. District Court Judge for the District of Columbia Rosemary Collyer signed documents to approve the $25 billion mortgage servicing settlement with the nation's top five mortgage servicers: Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial.

"Yesterday's court approval of the historic $25 billion mortgage servicing settlement is a victory for American homeowners,” said U.S. Housing and Urban Development Secretary Shaun Donovan, following the

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