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Tuesday, June 7, 2011

Mo. AG Asks Banks to Defer Mortgage payments for Joplin Residents:

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June 07, 2011

AG meets with banks to discuss Joplin recovery

missouri-news.org
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JEFFERSON CITY, Mo. – As recovery efforts continue in Joplin, Attorney General Chris Koster is working with banks and other financial institutions to ensure that tornado victims don’t become financial victims as well.
On Monday, Koster held a meeting with the leaders of 14 of the nation’s largest financial institutions to discuss measures to assist Joplin homeowners. Collectively, the banks and lenders cover 95 percent of mortgages in the Joplin area.
The attorney general said most banks have policies in place that would allow for mortgage payments to be deferred up to 100 days and prevent disaster related payment lapses from negatively impacting credit scores. He said the state will undertake a public education campaign to help homeowners take advantage of such programs.
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