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Money for millions hit by housing scandal

NEED TO KNOW
  • Some military families getting big checks
  • Up to $125,000 to settle robo-signing/foreclosure scandal
  • Millions more getting smaller payments
File photo

Six-figure checks are in the mail for some military families who were wrongly kicked out of their homes by the big banks.

During the housing crisis, some foreclosures were rubber-stamped without the proper documents, and there were other abuses.

Now, more than 1000 military families will get checks for $125,000. 

Those checks will be in the mail by Friday. 

Millions more people will get much smaller checks – about $300 -- because it wasn't clear how badly they were hurt. 

The banks admit no wrongdoing.

More information at federalreserve.gov.

Morning Express with Robin Meade airs Monday through Friday at 6am ET on HLN.  Like the show on Facebook, follow Jennifer Westhoven on Twitter: @JenWesthoven.

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