Posted by Association of Vermont Credit Unions on 1:58 PM

Have members whose homes were in foreclosure by another lender in 2009 and 2010? The Federal Reserve Board announced a new video explaining how borrowers believing they were financially harmed during the mortgage meltdown period can apply for a free, independent foreclosure review. Those borrowers may be eligible for compensation if the review finds evidence of direct financial injury due to servicer error. Borrowers are eligible for a review if their primary residence was in the foreclosure process in 2009 or 2010 and their mortgage loan servicer is one of these.  Watch the video below.