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.

Knight Foundation

Greater Akron Chamber

Meaden & Moore


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

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Goodyear recruits thousands of vets
What a wonderful interview! Excellent reporting skills by a talented young reporter! I look forward to hearing more from Ms. Schley!

Ohio Democratic Party begins the rebuilding process
I agree 100% with Sen. Brown. I think it is absolutely critical for the Democratic Party in Ohio to engage in the long, tedious, hard task of re-building from t...

They're talking again in the Macedonia bridge dispute
Norfolk Southern says the Ledge road bridge meets regulations for train traffic, however it was built as an overpass for a roadway and/or farm usage. I think t...

Cleveland City Council to consider transgender public restroom law
this is sick. I do not want my daughter in the same bathroom as a perverted 45 year old man. this proposed legislation could seriously damage the security of ch...

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