Where Does the Mortgage Settlement Money Go?

[Banjo]

Financial companies have paid at least $164 billion in more than 100 mortgage-related settlements since 2009, according to an analysis by the law firm of Keefe, Bruyette & Woods. Below, we examine the eight banks that have paid the most and explain how the largest payments were divided up.
http://www.nytimes.com/2016/12/23/business/dealbook/24mortgagelist.html?partner=rss&emc=rss

 

[Arnie]

Interesting that there is no mention of what the lawyers got.

 

[wintergasp]

Interesting that there is no mention of what the lawyers got.

Most likely not much. Lawyers may he paid well in m&a but in these typss of cases its just 700 an hour

 

[Sig]

Most likely not much. Lawyers may he paid well in m&a but in these typss of cases its just 700 an hour

The lawyers worked for the government, they got the same $100-140k per year that they always get no matter what. How much the banks paid thier lawyers is immaterial unless you happen to be a shareholder of the bank. I think you all must be thinking about class action suits, this is a very different thing.