Thursday, March 15, 2012

Deeply underwater homeowners to get most aid from foreclosure deal

The $25-billion settlement gives the nation's largest mortgage servicers more incentives to help those who owe 40% to 75% more than the value of their homes.

Homeowners more deeply underwater on mortgages handled by five major U.S. banking firms are prime candidates for getting help from a $25-billion nationwide settlement over alleged foreclosure abuses.


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