Jacksonville-Based EverBank to Pay $43.3 Million for Foreclosure Crimes

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Jacksonville-Based EverBank to Pay $43.3 Million for Foreclosure Crimes

There are more checks on the way to people who were in foreclosure in 2009 and 2010 as the Jacksonville-based EverBank agrees to hand out $37 million to wronged borrowers.

The Office of the Comptroller of the Currency announced the agreement late Friday. More than 32,000 people nationwide are eligible for the money, which will range from $1,050 to $125,000 per person.

Borrowers will be contacted by a third-party paying agent and can qualify for the money even if they didn’t apply to the Independent Foreclosure Review.

EverBank was subject to a cease and desist order for unsafe and unsound practices in mortgage servicing and foreclosure processing.

In addition to money paid by EverBank directly to eligible customers, EverBank will pay approximately $6.3 million to organizations certified by the U.S. Department of Housing and Urban Development or other tax-exempt organizations that have as a principal mission providing affordable housing, foreclosure prevention and/or educational assistance to low- and moderate-income individuals and families. Recipient organizations shall be approved by the OCC.

More here…

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4closureFraud.org

Comments
One Response to “Jacksonville-Based EverBank to Pay $43.3 Million for Foreclosure Crimes”
  1. eugenenj says:

    OneWest Bank is the last one left to agree to the agreement. Now, they sold there servicing rights to Ocwen Loan Servicing, LLC.

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