Maine Receives State Portion of Funds in Mortgage Servicing Settlement
Foreclosure Prevention and Legal Assistance to Homeowners Programs to Benefit
AUGUSTA ? Attorney General William J. Schneider announced that Maine has received the state portion of settlement funds from the landmark $25 billion joint federal-state agreement over foreclosure abuses, fraud and unacceptable nationwide mortgage servicing practices.
The state received a direct payment of $6.9 million for continued funding of state foreclosure prevention programs, legal assistance to homeowners in foreclosure, and compensation to the state?s general fund.