Wednesday, June 19, 2013

Monitor Finds Lenders Failing Terms of Settlement

http://www.nytimes.com/2013/06/20/business/economy/monitor-finds-lenders-failing-terms-of-settlement.html?pagewanted=all&_r=0

The nation’s five biggest mortgage lenders have likely already satisfied their financial obligations under last year’s $25 billion settlement over mortgage abuses, helping hundreds of thousands of families keep their homes. But four of the five have yet to meet the settlement’s second goal: ending the maze of frustrations that borrowers must navigate in order to modify their loans, according to a report Wednesday by the settlement’s independent monitor.

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