2012-06-13huffingtonpost.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


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread