- Any service member who saw their home wrongfully foreclosed will be substantially compensated for what the bank did;
- Any member of Armed Forces who was wrongfully denied the chance to refinance and reduce their mortgage payments through lower interest rates will receive a refund from their bank equal to the money he or she would have saved;
- Many service members who lost money because they were forced due to sell their homes due to Permanent Change of Station orders will also receive relief; and
- Finally, under the settlement, the banks will also pay $10 million into the Veterans Housing Benefit Program Fund, which guarantees loans on favorable terms for service members.
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