- Associated Press - Monday, February 8, 2016

CONCORD, N.H. (AP) - New Hampshire is part of a $470 million multi-state settlement with banking giant HSBC over mortgage lending and foreclosure abuses.

The Justice Department says the agreement requires the bank to pay $100 million to the federal government and to an escrow fund administered by the states to make payments to borrowers who lost their homes to foreclosure between 2008 and 2012. The rest will be provided in consumer relief to borrowers and homeowners.

New Hampshire Attorney General Joseph Foster says about 515 eligible borrowers whose loans were serviced by HSBC and who lost their homes to foreclosure from Jan. 1, 2008, through Dec. 31, 2012, and encountered servicing abuse will be eligible for a payment.



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