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Short Sales in CT > Blog > National Mortgage Settlement: $25B in relief for Distressed Borrowers, States and Federal Government
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National Mortgage Settlement: $25B in relief for Distressed Borrowers, States and Federal Government

August 27, 2012


"Federal Government & Attorneys General reach landmark settlement with major banks


Roughly $25 billion in relief for distressed borrowers, states and federal government..
After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on ahistoric 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. It’s the largest multistate settlement since the Tobacco Settlement in 1998."
Information Source: National Mortgage Settlement

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