Mortgage Settlement

A federal judge granted final approval to a landmark $26 billion settlement over foreclosure processing errors, clearing the way for the nation’s five largest lenders to begin unraveling aid to home owners. The settlement includes guidelines for banks in compensating home owners who may have been wrongfully foreclosed upon as well as mortgage modifications — including principal write-downs — of up to 1 million home owners.

To read more about the $26 billion national mortgage settlement from the AG Office, click here.

Article from REALTOR Magazine

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Graph of Financial Disbursements