Tag Archives: Lenders Near End of Foreclosure Payouts

As of last week, borrowers had cashed nearly 2.9 million checks from a settlement paid out by 13 of the nation’s largest lenders for various foreclosure mistakes that had been made over the last few years. The Office of Comptroller of the Currency said that, so far, $2.5 billion worth of checks had been cleared but that’s still only about two-thirds of the $3.4 billion in checks issued to borrowers. Home owners who were in foreclosure in 2009 and 2010 and who had their loans serviced by one of the […]