In February 2012, a joint state-federal settlement was reached with the country’s five largest loan servicers (Ally/GMAC, Bank of America, Citi, JPMorgan Chase, Wells Fargo) to address a pattern of unfair and predatory mortgage servicing practices. The terms of the settlement indicated that as much as $25 billion in relief could be provided to distressed […]
Author Archives: Charles Lowry
Director of Fair Lending for the NAACP