Meetings promise to explain mortgage settlement

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by Diana Zoga

KMOV.com

Posted on March 25, 2012 at 9:18 PM

Updated Monday, Mar 26 at 6:04 AM

(KMOV) --This week, Assistant Attorney Generals will meet with people in the St. Louis area to offer help deciphering the details of a $25 billion dollar national mortgage settlement with five major lenders.

The settlement with Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, and Ally Financial (GMAC) is meant to force lenders to do more to help people who are underwater stay in their homes. Lenders would also have to pay people who have already lost their homes between January 1, 2008 and December 31, 2011 around $2,000 each.

The meetings with the AG's office kick off on Monday, March 26th in St. Louis City with one forum at noon at the Wohl Center on N. Kingshighway and another at 6 PM at the 12th and Park Center at 1410 S. Tucker.

St Louis County holds meetings at noon and 6 PM on March 28th at the St. Louis County building at 41 S. Central Avenue in Clayton.

The AG's Office will be in St. Charles County on March 29th at the St Charles County Administration Building at 201 N. Second Street.

In Jefferson County, the meeting is at noon on March 30th at the Jefferson County Administrative Center at 729 Maple Street in Hillsboro.

Meetings are also held in Warren County, Pike County, and Phelps County.

For a full list of county forums, look here:  ago.mo.gov/newsreleases/2012/pdf/CountyForums.pdf

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