Alabama Joins 25 Billion Joint State Federal Mortgage Servicing Settlement on Foreclosure Wrongs

Attorney General Luther Strange Thursday formally joined a landmark $25 billion national joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $ 106,701,096 in direct relief to Alabama homeowners and addresses future mortgage loan servicing practices. U.S. […]

AG Foreclosure Settlement Will Help Build Stronger Housing Market

The following is a statement from Michael Calhoun, President, Center for Responsible Lending: “The foreclosure settlement announced today will help build a stronger housing market while keeping more people in their homes. But while a significant step toward fixing the foreclosure crisis, this settlement was never intended or able to provide a comprehensive remedy. Much […]

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