Monday, March 12, 2012

Mortgage servicing settlement filed

The full mortgage servicing settlement, all 317 pages of it, was filed today by HUD, the Department of Justice, 49 state attorneys-general, and the five participating mortgage servicers, as announced in a Department of Justice Press Release. The settlement now requires court approval before it goes into effect, although many states are already deciding how they plan to use the funds (indeed, some aren’t using settlement funds for housing!). 

Summaries of the settlement have been available for some time at, but now the full filing is available.

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