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Tag Archives: Bloomberg

Former Insurance Investigator Gets $18 Million From Foreclosure Settlement

USA Foreclosures 101
settlement money

Back in February, 2012 the attorneys general of 49 states reached a settlement with five of the nation’s largest mortgage lenders to put an end to possible litigation surrounding allegations of fraud. The case was borne out of a thorough investigation and subsequent whistle-blower report by 63-year-old Lynn Szymoniak, an attorney and former insurance industry investigator. For her efforts Szymoniak earned some $18 million out of a total $25 billion settlement. In reporting the story … Continue reading →

Posted in Foreclosure Law, Foreclosure Problems, Foreclosure Report | Tagged Bloomberg, Citibank, foreclosure, insurance industry, investigative experience, mortgage lenders, procedural changes | Leave a reply
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