Mortgage settlement reached between SunTrust and federal government

BIRMINGHAM, Ala. (WIAT) — If you lost your home to foreclosure between 2008 and 2013, there is some good news. Settlement has been reached between the federal government and SunTrust Mortgage Inc.

Alabama Attorney General Luther Strange says the settlement will provide direct payments to certain Alabama borrowers for problems with foreclosures, loan modifications and more. An independent monitor has been asked to oversee SunTrust’s compliance with the settlement.

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