Federal, state officials reach $25B foreclosure-abuse deal

Relief may be in sight for thousands of Bronx residents struggling to make their mortgage payments. Federal and state officials today announced a $25 billion foreclosure-abuse settlement with the nation's

News 12 Staff

Feb 9, 2012, 7:35 PM

Updated 4,538 days ago

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Relief may be in sight for thousands of Bronx residents struggling to make their mortgage payments.
Federal and state officials today announced a $25 billion foreclosure-abuse settlement with the nation's biggest mortgage lenders, including Bank of America, Citigroup, Wells Fargo and J.P. Morgan.
The banks have agreed to reduce loans for millions of homeowners. In addition, nearly one million people who were improperly foreclosed upon can expect to see $2,000 checks.


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