More of that 'support the troops' Poser Patriotism!! Not just seeing the few who serve as marketing tools, Military personal and Veterans', but as easy marks for bottom line corporate profit growth with extremely little in sacrifice from those corporate entities and the wealthy, especially in the times when they're sent into long lasting combat theaters and oversight a task of the Representatives in Congress!!
WASHINGTON, Feb. 9, 2015 – The Justice Department announced today that under its settlements with five of the nation’s largest mortgage servicers, 952 service members and their co-borrowers are eligible to receive over $123 million for non-judicial foreclosures that violated the Service Members Civil Relief Act.The five mortgage servicers are JP Morgan Chase Bank N.A.; Wells Fargo Bank N.A. and Wells Fargo & Co.; Citi Residential Lending Inc., Citibank, NA and CitiMortgage Inc.; GMAC Mortgage, LLC, Ally Financial Inc. and Residential Capital LLC; and BAC Home Loans Servicing LP formerly known as Countrywide Home Loans Servicing LP (Bank of America).
In the first round of payments under the SCRA portion of the 2012 settlement known as the National Mortgage Settlement, 666 service members and their co-borrowers will receive over $88 million from JP Morgan Chase, Wells Fargo, Citi and GMAC Mortgage. The other 286 service members and their co-borrowers already have received over $35 million from Bank of America through an earlier settlement. The non-judicial foreclosures at issue took place between Jan. 1, 2006, and Apr. 4, 2012.
Unlawful Foreclosures read more>>>
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