Oklahomans get first mortgage checks in nation

Posted on: 5:44 pm, October 15, 2012, by and


OKLAHOMA CITY — A measure of justice came Monday for Oklahomans who were victims to wrongful conduct by banks.

The state attorney general handed over a big check to an Oklahoma family who lost their home because of a lender’s deceptive practices.

It’s just one of many checks going to 100 Oklahomans.

“Every day in this office we’re about justice,” State Attorney General Scott Pruitt said. “Every day in this office we are about administering justice.”

Pruitt is referring to the first mortgage compensation checks in the nation being handed out Monday in our state. 

Oklahoma was the only state to craft its own agreement with Bank of America, Citigroup, JP Morgan Chase, GMAC and Wells Fargo for wrongful conduct in lending practices to Oklahomans.

The housing market is back after a bruising lesson following a boom that turned into a bust and shattered dreams for some families.

Pruitt handed Zach Zuniga, one of the many victims of a banks’ faulty business practices that cost them their home, a $20,000 check.

The payments to the victims will range from $5,000 to $20,000.

The Attorney General’s Office is partnering with legal aid services of Oklahoma, the Oklahoma Bar Association and Oklahoma Lawyers for America’s Heroes program to help families more successfully navigate mortgage issues and increase the chance of staying in their homes.