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dixiegrrrrl

(60,010 posts)
Wed Apr 10, 2013, 09:47 AM Apr 2013

The Banks' "Penalty" To Put Robosigning Behind Them: $300 Per Person

Last edited Wed Apr 10, 2013, 12:24 PM - Edit history (1)

Article comes with a nice pie chart...

WASHINGTON — Mortgage servicers tied to the independent foreclosure review settlement will begin sending the first wave of $1.2 billion in checks to troubled borrowers on Friday, federal regulators said.

Borrowers who receive a payment from the settlement can still take any other action against their mortgage servicer.
The servicers also cannot ask borrowers to waive any legal claims when accepting the payment.


http://www.zerohedge.com/news/2013-04-09/banks-penalty-put-robosigning-behind-them-300-person

edited to add:
The Federal Reserve and the U.S. Comptroller of the Currency say a total $3.6 billion in cash will be distributed to
4.2 million borrowers

got it?.......... They just admitted there were 4.2 million borrowers who got screwed.
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The Banks' "Penalty" To Put Robosigning Behind Them: $300 Per Person (Original Post) dixiegrrrrl Apr 2013 OP
Reminds me Newest Reality Apr 2013 #1
Here is the pie chart. ms.smiler Apr 2013 #2
Bless you for putting that up. dixiegrrrrl Apr 2013 #3

ms.smiler

(551 posts)
2. Here is the pie chart.
Wed Apr 10, 2013, 11:32 AM
Apr 2013

[IMG][/IMG]


I'm delighted that homeowners need not abandon their legal claims should they accept these inequitable payments. Homeowners will remain able to seek equitable damages for the great harm done to them. That is the only true way to hold these crooks accountable.

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