HSBC Bank USA has agreed to a $470 million settlement to address what Florida’s Attorney General called mortgage origination, servicing and foreclosure abuses.
The settlement provides direct payments to borrowers for past foreclosure abuses and requires the company to provide loan modifications and other consumer relief.
About 6,400 Florida borrowers will be eligible for payments, Attorney General Pam Bondi said in a statement. The payment amount will depend on how many borrowers file a claim,… …read more
From:: biz journal foreclosures