Rust Consulting

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Foreclosure Victims Get New Round of Botched Checks

Last month 's checks bounced, so maybe this is progress

(Newser) - The very same institutions that apparently couldn't foreclose on homes properly are having a run of it: Following regulators' $3.6 million settlement with 13 banks, the Federal Reserve told Goldman Sachs and Morgan Stanley to send affected borrowers $247 million, doled out in amounts between $300 and $125,... More »

Banks Pay for Mortgage Abuse—With Rubber Checks

Company handling settlement didn't deposit money with the bank

(Newser) - It took years for homeowners to get even the relatively small checks afforded them in a $3.6 billion settlement with some of the country's biggest banks over mortgage abuses—and when they finally arrived this week, many of them promptly bounced, the New York Times reports. "Is... More »

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