SCRANTON TIMES-TRIBUNE: …Homeowners who have received foreclosure notices can apply again for loans and other assistance through the Homeowner’s Emergency Mortgage Assistance Program, Sen. John Gordner, R-27, Berwick, announced Wednesday. He wrote a new state law that outlines how some of the settlement money will be spent….
The prospect of reviving HEMAP became apparent earlier this year upon a $25 billion legal settlement with five major lending firms to settle allegations of abuse with mortgage servicing and home foreclosure practices. Pennsylvania is one of numerous states that joined the action against Ally, Bank of America, Citi, JPMorgan Chase and Wells Fargo…
This law targets 90 percent of the settlement to HEMAP, 5 percent to the state attorney general for housing consumer protection programs and 5 percent for legal assistance related to housing issues… (more)
