Tag Archives: SCRA

Senator Sheldon Whitehouse has fought for years to protect the rights of servicemembers who are homeowners.

Another $186 million in compensation will be awarded to 1,461 service members and their co-borrowers over the unlawful foreclosure of their homes as part of the Department of Justice's settlement with five of the nation's largest mortgage servicers, according to ...

The Office of the Comptroller of the Currency (OCC) has expressed concern that some banks and nonbank financial institutions are failing in the area of compliance with the Servicmember Civil Relief Act (SCRA) of 2003 and not providing members of the military with all the protections the law affords them.

CoreLogic's announcement comes just two weeks after five of the nation's largest mortgage servicers – JPMorgan Chase, Citi, Wells Fargo, GMAC Mortgage, and BAC Home Loans Servicing – were penalized a combined total of $123 million by the U.S. Department of Justice over non-judicial foreclosures that violated the SCRA.