Tag Archives: national mortgage settlements

Last week a federal judge signed off on a $26 billion settlement agreement negotiated between five major banks and attorneys general in 49 states and the District of Columbia. The banks were originally charged with having unlawful and unfair foreclosure practices. Among the allegations: Lenders employed “robo-signers” who signed off on foreclosure affidavits attesting they’d personally reviewed foreclosure documents without actually doing so Because of robo-signers and other shoddy practices, banks improperly foreclosed on homes   Does the Mortgage Settlement …