Attorney General Koster announces Missouri consumers, state to receive more than $196 million in benefits from national mortgage settlement

Jefferson City, MO – February 13, 2012 – (RealEstateRama) — Attorney General Chris Koster today announced Missouri’s participation in a landmark national mortgage settlement that will bring more than $196 million to Missouri taxpayers and the state. The joint federal-state agreement addresses allegations of foreclosure abuses, unfair mortgage servicing practices, and fraud by the nation’s five largest mortgage servicers: Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, and Ally Financial.