Mortgage Settlement Fund Applications In the Mail to Rhode Island Residents

September 25, 2012 – (RealEstateRama) — Attorney General Kilmartin announced that approximately 5,500 Rhode Island residents who lost their primary residence due to an improper foreclosure process between January 1, 2008 and December 31, 2011 should expect to receive notice by mail with important information about how to file a claim for funds under the $25 billion National Mortgage Settlement. Those borrowers who are eligible had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo. They are the nation’s five largest mortgage servicers which agreed to the settlement with the federal government and attorneys general for 49 states and the District of Columbia.