News Column

Homeowners Receive $73-million from Mortgage Settlement

Nov. 20, 2012

Christine Dunn

Attorney General Peter F. Kilmartin announced Monday that the five mortgage servicers involved in the national mortgage settlement have provided 1,019 Rhode Islanders with more than $73 million in financial relief.

The servicers -- Ally/GMAC, Bank of America, Citi, JPMorganChase, and Wells Fargo -- are in the process of assisting another 896 Rhode Island homeowners, according to Kilmartin's office.

The information was provided through a report issued by national mortgage settlement monitor Joseph P. Smith, based on unaudited information from the lenders. The assistance given to consumers includes loan modifications, refinancing, principal forgiveness, and short-sale approvals.

Distributed by MCT Information Services

Source: (c) 2012 The Providence Journal (Providence, R.I.)

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