Colorado mortgage relief coming
Coloradans affected by mortgage issues to get relief
DENVER (AP) -- Coloradans affected by mortgage servicing issues should see a relief check sometime this month.
Checks totaling more than $33 million are to be mailed to nearly 23,000 Colorado borrowers who had submitted a valid foreclosure-payment claim through the National Mortgage Settlement administrator. The national settlement ended investigations into foreclosure abuses and was with the country's five largest mortgage servicers: Ally/GMAC, Bank of America Corp., Citi, JPMorgan Chase & Co., and Wells Fargo & Co.
Colorado Attorney General John Suthers announced Tuesday that the average check will be about $1,480, much more than the original $840 that was anticipated.
