SunTrust To Dish Out Millions To Settle Faulty Mortgage Allegati - 47 ABC - Delmarva's Choice

SunTrust To Dish Out Millions To Settle Faulty Mortgage Allegations

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47 ABC - SunTrust will have to dish out $968 million, after allegations that it underwrote and provided faulty mortgage loans, resulting in foreclosures for many home buyers.

The settlement, reached with the Justice Department and other government agencies will include money for homeowner relief. The state of Maryland will get $33 million, nearly $2 million will go to Delaware homeowners, and about $34 million will go to those in Virginia.

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