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.