News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

NOCHE

The Holden Arboretum

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Are Ohio homeowners getting their share of mortgage settlement?
Consumer advvocates push for mortgage settlement data
Story by LYNDSEY SCHLEY


 
In The Region:
Seventeen consumer advocacy groups sent a letter this week to U.S. District Judge Rosemary Collyer asking for details on how the National Mortgage Settlement is being distributed.

The settlement is a deal among state and local governments and the top five mortgage servicers. It provides $25 billion in relief for homeowners affected by fraudulent lending practices.

Deonna Kirkpatrick of Empowering and Strengthening Ohio’s People, a consumer-advocacy group, says data is released by state but not by area code, making it difficult to determine whether hard-hit and minority neighborhoods are getting their fair share.  

LISTEN: KIRKPATRICK ON SETTLEMENT

Other options:
Windows Media / MP3 Download (0:25)


“Time is of the essence because they (servicers) have a threshold that they have to meet. And once they’ve met that requirement and they are certified, they’re off the hook," Kirkpartick says. "They don’t have to change or go back and offer more relief. So it’s really critical that we see where the relief is going, that we get that data and that information so that if there is a problem, we can address it now.”

According to the National Mortgage Settlement monitor’s website, as of May 21, Ohio has received more than $360 million in consumer relief.

Listener Comments:

We lost 2 houses thru mo fault of our own husbanh has Ms but works making a 4th of what he did. I retired last year with some health issues. We live paycheck to pay check with ver little mone for food and all the meds hes on i cant get ANY ANSWERS FROM RUST OR NMS. It is now the 17th andno luck with checks. Ohio attorney wont help with answers either. We are in so in need if this money just like everyone is too please dont keep making us more frustrated then what we have all been thru.


Posted by: Linda Edel (New Mexico) on June 18, 2013 12:06PM
I'm lucky to even get mail in my mailbox. we have moved 4 times since '09.mail barely catches up with us .we missed the independent review mail,but luckily got the national mortgage settlement letter.we were forced to move,we took our dogs that we had for 13 years to a place that didntallow dogs.we were sued and lost $6900 witch we paid after living there less than 6 months.we moved into a slum lord house for a year, he was throwing our mail in the trash,no wonder we didn't receive independent review mail.We moved in with a "friend" who put our oldest dog down while my wife was visiting one of our daughters in Kansas and I was at work.We graciously moved into another friends 32' RV.25 miles from work I ran out of gas many times and was late a lot but I always made it.But I was fired after 25 years of service.We are now renting and this house is in foreclosure.we have lost mostly everything that we own to pawn shops,storage units and thieves.we are unemployed with no resources.Do you think we could get that check before we are forced to leave here.


Posted by: Gary (colorado) on June 4, 2013 12:06PM
are we the people ever gonna see any of this relief? I thought we were getting checks..... my mailbox is still empty.


Posted by: michelle (logan ohio) on June 3, 2013 12:06PM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Lordstown GM plant plans to install 8,500 solar panels
How much will this solar array cost? How is it being funded, and who is really paying for it? How much real useful electricity will it actually produce in MEh p...

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

New book says Willoughby Coal is haunted...and that's good for business
Would love to see a series of books that would just thrill me. I cannot wait to visit some of the locations. And revisit some of the locations I have already vi...

Cleveland Indians to continue with 'dynamic pricing'
pricing is too high for a family as well as people like me who are on a fixed income. Bleacher seats are cheaper but concessions are rediculous.

Kasich talks about faith, drugs and education -- but never FitzGerald
The idea that you can learn more by talking to a 90 year old person than from a history book is just another example of how the GOP hates education and knowledg...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University