$25B Big Bank Settlement

After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers:

The settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal government.

Here is the official website that outlines the settlement and the options available: http://www.nationalmortgagesettlement.com/

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