Relevant:
- 5 big lenders have cut mortgage balances by $1.3 billion, given total $10.6 billion in relief
- Few Homeowners See Benefit From National Mortgage Settlement, Three Months Later
- Banks report $51 billion in consumer relief in mortgage settlement
- HUD: Mortgage Settlement Monitor Reports Eight 'Fails' in Bank Testing Results
- Are banks sidestepping the foreclosure settlement?
2012-09-01 — huffingtonpost.com
The five major banks that signed a landmark national mortgage settlement in March have been slow to deliver $10 billion in promised debt relief, according to data submitted recently by the banks to the independent monitor overseeing the landmark agreement.
So far, the banks have written off about $750 million in debt owed on first mortgages,
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