Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

California sued for diverting mortgage settlement cash

Notify me of new replies via email
Mortgage Professional America | 17 Mar 2014, 05:13 AM Agree 0
The state of California has been slapped with a lawsuit for paying down state debt with money earmarked to help struggling homeowners
  • Griff | | 17 Mar 2014, 12:22 PM Agree 0
    Not surprising.
  • 2Bsquare | | 17 Mar 2014, 12:31 PM Agree 0
    Sadly this original action was a redirecting of funds to the States. I doubt these nonprofits have standing. The States could claim damage by the banks in a number of avenues.
Post a reply