Team to add Kentucky consumers $321,938 value of mortgage improvement and other rescue

FRANKFORT, Ky. () – Lawyer General Jack Conway into Saturday established one Kentucky keeps registered almost every other says additionally the authorities inside good $550 mil payment which have mortgage lender and you may servicer SunTrust Mortgage, Inc. to address home loan origination, servicing, and you will foreclosures violations.

Conway announces $550 mil settlement with SunTrust Financial

The 3-12 months settlement will bring head costs in order to Kentucky consumers to own previous property foreclosure abuses, financing changes and other save to have borrowers in need of assistance, tough the latest mortgage repair criteria, and you can gives oversight power to another monitor.

The latest settlement comes with forty eight most other claims, the latest Area out-of Columbia, the latest U.S. Conway announces $550 mil payment which have SunTrust Home loan weiterlesen →