DOJ: Misled SunTrust loan customers to get compensation

The U.S. Department of Justice says borrowers misled by a loan program will now have a chance to get some money back.

SunTrust Mortgage has agreed to set up a fund of up to $284 million to compensate borrowers who were duped by its Home Affordable Modification Program (HAMP).

The DOJ says the number of homeowners affected is in the thousands.

SunTrust will avoid criminal prosecution as part of the agreement.

Click here to read the DOJ press release for more information.

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