More than 1,100 homeowners nationwide will get the maximum payout of $125,000 in foreclosure reparations through a $3.6 billion federal settlement that critics call nonsensical and capricious.
The first wave of checks to 4.2 million borrowers, including hundreds of thousands in Florida, will go into the mail Friday, according to the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve System.
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