User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


77° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Recipients Of Natl. Mortgage Fraud Settlement

December 13, 2012, 11:46 AM by Angela Kennecke

Recipients Of Natl. Mortgage Fraud Settlement
SIOUX FALLS, SD -

South Dakota's share of the $25 billion settlement between states and mortgage companies for certain practices going on in the mortgage industry is being divvied up. 

The state received nearly $8 million in the settlement. 

$1.5 million of that goes to South Dakota borrowers in loan modifications.

Homeowners who were treated unfairly in the foreclosure process can get $2,000 in cash payments for a total of $1.3 million dollars.

The other $3 million of the settlement money has been divided up by a task force.

The top three recipients of the money are the South Dakota Home Builders Association; GROW South Dakota, an organization to help veterans get financing and buy homes; and the South Dakota Housing Development Authority. 

Review a complete list of where the money is going by clicking on the link below.

MortgageFraudSettlement.pdf

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Walmart Grand Opening In Northern Sioux Falls

8/13/2014 6:03 PM

Northwestern Sioux Falls and the surrounding communities have a new shopping option

Full Story | Watch
Sioux Falls To Get Burlington Coat Factory

8/14/2014 1:45 PM

It's a deal that's been in the works for more than a year.  Now Lloyd Companies has submitted plans for a new Burlington Coat Factory sto...

Full Story
Toy Store to Open Second Location At Dawley Farm Village

8/14/2014 3:50 PM

A Sioux Falls toy store is opening a second location at Dawley Farm Village.

Full Story
Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story


Events