Real-time N.H. traffic updates
Photo - Flickr

Feb 8, 2016 1:49 PM

NH borrowers to share $100 million in mortgage settlement due to home foreclosure

The Associated Press

CONCORD (AP) - New Hampshire is involved in a multi-state settlement which requires $100 million to be paid to borrowers who lost their homes to foreclosure between 2008 and 2012.

The $470 million settlement is with banking giant HSBC, where the multi-million dollar payout will be made to the federal government and to an escrow fund administered by the states in order to make payments to those borrowers who suffered.

N.H. Attorney General Joseph Foster said there's about 515 eligible borrowers whose loans were serviced by HSBC, and suffered foreclosure from Jan. 1, 2008, through Dec. 31, 2012, who will be eligible for a payment.

--  Dealing with the Disease of Addiction? Click here for help --

--

»Comments

Concord, NH
Broken Clouds 31°
2pm 32°
3pm 33°
4pm 35°
5pm 38°

 

N.H. DollarSaver

 

Friday, 1:30 p.m. - White House Press Secretary Sean Spicer

Friday, TBD - Health care vote on the House floor

 

 

NH1 on Facebook

Download NH1 App

NH1 on Twitter

Check out NH1 News Rail Polls on LockerDome on LockerDome