Relevant:
- Banks report $51 billion in consumer relief in mortgage settlement
- Whistleblowers Win $46.5 Million in Foreclosure Settlement
- Bank Of America Hasn't Modified Any Mortgages, As It Had Agreed To
- BofA offers 30,000 borrowers $4.75 billion in principal reductions
- National Mortgage Settlement Expires In 2015, Banks Battling To Keep Reforms From Becoming Permanent
2012-06-13 — huffingtonpost.com
As part of the national mortgage settlement signed in March, five large banks -- Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial -- agreed to offer at least $10 billion in loan forgiveness, or principal reduction, to some of the estimated 11.1 million homeowners who owe more on their mortgage than their home is worth.
But three months later, the banks' progress in distributing that relief is slow
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