Two lenders who wrongfully foreclosed upon active duty members of the military without obtaining court orders will provide more than $22 million in million in monetary relief under settlement agreements with the federal government.BAC Home Loans Servicing LP — formerly known as Countrywide — will pay at least $20 million in the agreement to resolve allegations they foreclosed upon about 160 servicemembers between January 2006 and May 2009 without seeking court orders, said DOJ. They also agreed to pay any servicemember wrongfully foreclosed upon during that period.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=111184