Isn’t going to happen because they’re mostly all shareholders of MERS and as long as MERS is around letting 20K + people sign any documents involving title to homes, they will always have problems.
The Journal Gazette
A top bank official put his best foot forward in Fort Wayne a day after eligible Hoosiers learned they could join a national mortgage settlement.
As part of the deal, more than 37,000 Indiana homeowners who were foreclosed on and subject to an error by a mortgage servicer between Jan. 1, 2008, and Dec. 31, 2011, will split $31.4 million in cash payments.
The average disbursement – $840 per household – is payback for charges of “robo-signing” that pushed mortgage applications through without proper review. Indiana and 48 other states this year joined the federal government’s settlement with five major lenders and servicing institutions to settle the claim: Ally/GMAC, Bank of America, Citi Bank, JPMorgan Chase and Wells Fargo.