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MD. Homeowners Get $1 Billion, Are You In Line?

  • Broadcast in Real Estate



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 Our special guest is known as "the Historian Detective" SAM  EL  AMIN. He is a brother who is educating Prince Georges County officials and residents on the blatant fraud that is evident in 9 out of 10 mortgages and how homeowners have a right to recoup their funds as proven by this landmark decision against 5 of Americas largest banks. Hosted by "DaONE" co-hosted by Naisa, Pookie, sports money with Anthony Adewusi and  featuring the "Encyclo-negro-pedia" Historian C.R. Gibbs.  THIS IS NOT  ONLY ABOUT FORECLOSURES !!!! Why didn't you know? Get your Cheese People!!! On Thursday, February 9th, Md State Attorney General Douglas F. Gansler entered into a settlement with the nation's five largest mortgage servicers, bringing nearly $1 billion in monetary benefits and relief to distressed Maryland homeowners. The accord follows an extensive investigation into foreclosure abuses, fraud, and unacceptable mortgage servicing practices such as "robo-signing." The settlement will help thousands of Marylanders stay in their homes through enhanced loan modifications and other services. It also requires comprehensive reform of mortgage loan servicing standards, changing the way these banks will deal with customers in the future. This landmark agreement - the largest of its kind in Maryland history - is between the Maryland Office of the Attorney General, the Department of Labor, Licensing, and Regulation's Office of the Commissioner of Financial Regulation, the Federal government, and the nation's five largest mortgage servicers, Wells Fargo, Bank of America, Citi, JP Morgan Chase, and Ally Bank/GMAC. 50 states entered into the agreement.