Lenders settle on Military Mortgages

By ICANHASMUNY?
November 25, 2012 in Military Credit

https://creditboards.com/forums/index.php?/topic/503283-lenders-settle-on-military-mortgages/

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ICANHASMUNY?

Posted November 25, 2012

U.S. ex rel. v. Wells Fargo Bank, 06-00547, U.S. District Court, Northern

District of Georgia (Atlanta).

http://www.washingtonpost.com/business/wells-fargo-must-face-suit-over-veterans-loans-judge-says/2012/11/20/924b3e6c-3365-11e2-92f0-496af208bf23_story.html

Bank of America Corp.’s Countrywide unit agreed to pay $45 million; PNC Financial Services Group Inc. will pay $38 million; SunTrust Banks Inc. agreed to a $10.2 million settlement; Citigroup Inc. is paying $7.5 million; and First Tennessee Bank will pay $16 million, according to the statement. Representatives of the banks couldn’t be reached for comment or declined to comment today.

JPMorgan Chase & Co. previously agreed to a $45 million settlement, according to the statement.

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