National mortgage settlement provides $45 billion in homeowner relief

The five largest mortgage servicers recently agreed to a $25 billion settlement over some questionable mortgage loan servicing and foreclosure practices, including the so-called "robo-signing" activities that came to light in late 2010. Robo-signing refers to the practice of signing mortgage.

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$25 Billion National Mortgage Settlement Announced by 49 States & 5 Mortgage Servicers Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom Miller and other federal and state officials announced a plan to provide about $25 billion in mortgage relief and aid to homeowners.

From March 1 until the end of June, banks provided about $10.6 billion in relief to US mortgage holders. $102,000 per case. The settlement relief amounts received by Massachusetts homeowners are.

The $45 million from banks secured for Delaware by Biden’s office under the settlement will be paid to homeowners and the state in. consent judgments that will implement the $25 billion national.