loan abuse settlement

12:17pm

Thu February 9, 2012
Some Tennesseans Will Get Cash Settlements

Tennessee Gets $146 Million in Loan Abuse Settlement

State Attorney General Robert Cooper announced Tennessee's portion of the national settlement.
photo courtesy State of Tenn.

MURFREESBORO, Tenn. (AP/WMOT) — Tennessee will receive 146 million dollars as part of a settlement with the nation’s five largest mortgage lenders over foreclosure abuses.

Federal officials say the lenders will pony up a total of $25 billion to be shared among 49 states. Oklahoma is the lone holdout.

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