The Federal Government and five large loan servicers (Bank of America, Chase, Citi, Ally, and Wells Fargo) have reached a settlement over the "robo-signing" of foreclosure documents. The 25 billion dollar settlement provides relief to distressed homeowners and direct payments to states and the federal government.
The Attorneys General on the Executive Committee that negotiated the settlement have created a website at www.nationalmortgagesettlement.com that provides information on the settlement.
Don't be scammed by people offering to assist you with filing a claim for a fee. Filing is easy and free to borrowers.
Below is a link to a video produced by TBWS Daily that covers this in detail.
We will post updates as more information becomes available.
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