Idaho Department of Finance Joins Historic $25 Billion State-Federal Mortgage Servicing Settlement

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By Idaho RealEstateRama -

Boise, ID – February 13, 2012 – (RealEstateRama) — Department of Finance Director Gavin Gee announced his department is participating in an historic mortgage servicing settlement in response to significant and far-reaching problems discovered in the residential mortgage servicing industry. The $25 billion settlement is between 45 state regulatory agencies and the District of Columbia, 49 state attorneys general, a host of federal agencies, and the five largest mortgage servicing companies – Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc., and Ally Financial Inc.

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