Five mortgage companies sign $26 billion settlement

11:38 PM, Feb 9, 2012   |    comments
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St. Louis (KSDK) - Five mortgage companies just signed on for a $26 billion settlement and you could be entitled to some of it.

People who lost their homes to foreclosure between 2008 and the end of 2011 could get some money; anywhere from 1,000 to $2,000.

The mortgage companies involved so far are Bank of America, JP Morgan Chase, Citigroup, Ally Financial and Wells Fargo.

It could take up to three years to get the money

Attorney General Chris Koster just released some details about what homeowners should do next. For Missouri residents, call 855-870-7676. For Illinois residents call 866-544-7151.

KSDK