Schuette says 148,000 getting settlement letters

By: Associated Press Email
By: Associated Press Email

Michigan Attorney General Bill Schuette says about 148,000 state mortgage customers who lost their homes to foreclosure are being sent claims forms as part of a $25 billion national settlement of complaints about improper conduct by lenders.

Schuette said Tuesday that those eligible to share in the settlement lost their homes to foreclosure in 2008-2011. He says his office continues to look at possible criminal actions involving what are called "robo-signing" practices in foreclosures.

Robo-signing involves people signing documents without proper review.

Eligible borrowers had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo. The companies agreed to the settlement with the federal government and attorneys general for 49 states and the District of Columbia.

Those covered by the settlement also may apply online at www.nationalmortgagesettlement.com.


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