Here’s a little justice for the men and women who serve and then got served.
Members of the U.S. military whose homes were unlawfully foreclosed upon between 2006 and 2010 will receive about $39 million from subsidiaries of Bank of America and Morgan Stanley, the U.S. Justice Department announced on Thursday.
Each of 316 service members will receive at least $116,785, plus compensation and with interest, for any home equity lost.
It should be noted that the banks did not do this out of the goodness of their hearts. They did it under threat of suit from the Justice Department.