Relevant:
- HUD: Mortgage Settlement Monitor Reports Eight 'Fails' in Bank Testing Results
- Borrowers to get $8.5 billion in foreclosure and mortgage settlement
- Mortgage Settlement Tally: $10.56B in Relief, Mostly 'Short Sales'
- What Mortgage Settlement Lacks in Substance, It Makes Up in Execution - Bank Think Article
- Banks report $51 billion in consumer relief in mortgage settlement
2012-11-14 — housingwire.com
The progress report comes the same day that four other banks are expected to release their compliance updates with the national mortgage servicing settlement. The $20 bilion-plus settlement, which was reached between the big banks, state attorneys general and the federal government, outlines consumer-relief mandates and servicing requirements for the nation's largest mortgage servicers.
BofA said in addition to $4.75 billion in principal reductions, the company has extended $230 million in pre-settlement forebearance.''
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