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
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