WQOW TV: Eau Claire, WI NEWS18 News, Weather, and SportsWis. uses settlement to start foreclosure program
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Associated Press - May 27, 2009 4:45 PM ET
MADISON, Wis. (AP) - Wisconsin Attorney General J.B. Van Hollen says he's giving Marquette University Law School $310,000 to start a foreclosure remediation program.
The money comes from a deal Wisconsin struck in February with Countrywide Financial Corp. The lender settled with 11 states over allegations it misrepresented its loans and invited other states to sign onto the deal.
Wisconsin got $1.6 million. Half went to Countrywide customers. The other half went to the state Justice Department for foreclosure relief.
Marquette will use its portion to pay for two workers to mediate home foreclosures.
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