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Possible Silver Lining for Foreclosure Victims

Mortgage News > Possible Silver Lining for Foreclosure Victims
Date: 11/01/2011    Possible Silver Lining for Foreclosure Victims

Borrowers that faced foreclosure on their primary residence between 2009 and 2010 may be eligible for possible compensation. 

The Federal Reserve Board announced Tuesday that borrowers involved with GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage and EMC Mortgage Corporation have the opportunity to have their accounts independently reviewed.

The intention of the Federal Reserve Board is to provide aid to those affected directly by foreclosure blunders and faced severe financial hardship.
 

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