Independent Foreclosure Review and National Mortgage Settlement Are 2 Different Programs

By | April 2, 2013

(Source: Attorney General Scott Pruitt) - OKLAHOMA CITY — Attorney General Scott Pruitt Tuesday issued an alert for Oklahoma residents about a new federal mortgage settlement from the U.S. Department of the Treasury.

The Attorney General’s Office has received dozens of calls from residents confused about the settlement and the postcards they received from “Rust Consulting,” believing the cards were part of a scam.

The settlement is a legitimate agreement between the Treasury Department’s Office of the Comptroller of the Currency and 14 mortgage servicers. It is not related to the federal mortgage settlement by the Justice Department or Oklahoma’s mortgage settlement announced last year.

Oklahomans who receive the postcards should contact the toll-free number on the card to determine their eligibility for foreclosure compensation. Borrowers will not be required to execute a waiver of any legal claims they may have against their servicer as a condition for receiving payment. Beware of anyone who asks you to call a different telephone number than the one provided on the card or to pay a fee to receive a payment under the agreement.

For more information, call 1-888-952-9105 or go online to www.occ.gov/topics/consumer-protection/foreclosure-prevention/correcting-foreclosure-practices.html.

If recipients have further questions about mail they received or suspect fraud, contact the AG’s Public Protection Unit at (405) 521-2029, (918) 581-2885 or PublicProtection@oag.ok.gov.

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