Friday, May 24, 2013

Almost 51 BILLION Provided to Consumers From Robo Settlement

Over 621,700 consumers have been assisted due to the National Settlement over Robo-Signing.

ResCap, Ally's bankrupt mortgage subsidiary, has been credited with meeting all obligations. Bank of America stated it believes it actually exceeded requirements and plans to continue to help customers who are eligible. Chase said it's provided 11 Billion in relief and Wells Fargo states it has fulfilled about 90% of what they are required to date.

Needless to say, these big babies will have their books audited and triple checked to make sure they have, and will complete, all the Settlements requirements before they are let off the hook.

If you have questions, or are still wondering if you should be part of the settlement. 
Call your bank!

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