Washington AG secures $3 million for state homeowners in legal action against Virginia-based mortgage company
OLYMPIA— Attorney General Bob Ferguson announced today that Washington homeowners will share in $550 million secured for homeowners nationwide through a legal action against SunTrust Mortgage, Inc. by 49 states, the District of Columbia and the federal government.
The legal action announced today addresses mortgage origination, servicing and foreclosure abuses by the Richmond, Virginia-based company. Washington borrowers represent 744 of the company’s 48,223 foreclosures from 2008 through 2013.