News Column

BRIEF: 297 in state to get National Mortgage Settlement payments

January 31, 2014

By Bob Van Enkenvoort, The Wisconsin State Journal

Jan. 31 --Payments of $1,480 will go to 297 Wisconsin residents who lost their homes to foreclosure from 2008 to 2011, according to Attorney General J.B. Van Hollen . This is the latest in compensation to state residents under the National Mortgage Settlement, according to Van Hollen , which is a three-year agreement between the attorneys general of 49 states, the District of Columbia , the federal government, and the five largest mortgage servicers -- Bank of America , JP Morgan Chase , Wells Fargo , Citibank and Ally Bank , formerly GMAC . That settlement has provided more than $51 billion in relief to consumers nationally. Recently, Van Hollen announced that Wisconsin joined a $2.1 billion settlement with the next-largest mortgage servicer, Ocwen. Wisconsin residents who have questions about the National Mortgage Settlement or the Ocwen mortgage settlement may contact the Wisconsin Department of Justice at: , 800-998-0700 or 608-266-1852. ___ (c)2014 The Wisconsin State Journal (Madison, Wis.) Visit The Wisconsin State Journal (Madison, Wis.) at Distributed by MCT Information Services

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Source: Wisconsin State Journal (Madison, WI)

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