Conway announces $550 mil payment that have SunTrust Financial

Organization to include Kentucky borrowers $321,938 property value financing changes or any other recovery

FRANKFORT, Ky. () – Attorneys Standard Jack Conway to the Saturday launched one to Kentucky has entered other claims and also the national from inside the a beneficial $550 million payment having mortgage lender and servicer SunTrust Mortgage, Inc. to address mortgage origination, maintenance, and you can foreclosure abuses.

Conway declares $550 million payment which have SunTrust Home loan

The three-year settlement brings lead payments in order to Kentucky individuals having earlier in the day foreclosure abuses, loan modifications or other relief to own borrowers in need, hard the brand new mortgage repair requirements, and you may provides supervision expert so you can an independent monitor.

The latest settlement boasts forty eight almost every other claims, the fresh Area of Columbia, the new You.S. Continue reading “Conway announces $550 mil payment that have SunTrust Financial” »

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