Claim forms sent to Colo. foreclosure victims

8:57 AM, Sep 25, 2012   |    comments
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Suthers says the forms are going to borrowers who had mortgages serviced by GMAC/Ally Financial, Bank of America/Countrywide, Citibank, JPMorgan Chase and Wells Fargo.

The nation's five largest mortgage servicers agreed to the $25 billion settlement with the federal government and 49 states. 

Colorado expects about $51 million. Suthers says the payments are compensation for alleged illegal conduct and servicing abuse.

(Copyright 2012 by The Associated Press. All Rights Reserved.)