Washington — Attorney General Lisa Madigan today joined with her counterparts in other states and the federal government to announce a $25 billion settlement with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” of foreclosure documents and other fraudulent practices while servicing loans of struggling homeowners.
Madigan joined U.S. Attorney General Eric Holder, U.S. Housing and Urban Development Secretary Shaun Donovan and her counterparts in Washington, D.C., to announce the settlement with Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Bank, formerly GMAC.
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