More than 22,000 Arizona consumers received some sort of aid during the first year of the nation’s biggest settlement with mortgage firms. The U.S.’s five biggest lenders have provided $1.68 billion in relief to mortgage borrowers across the state, according to a progress report released Thursday by independent settlement monitor Joseph Smith of the Office of Mortgage Settlement Oversight. Read more: More than 22K Arizonans receive mortgage aid in settlement
Sunday, February 24, 2013
More than 22K Arizonans receive mortgage aid in settlement
More than 22,000 Arizona consumers received some sort of aid during the first year of the nation’s biggest settlement with mortgage firms. The U.S.’s five biggest lenders have provided $1.68 billion in relief to mortgage borrowers across the state, according to a progress report released Thursday by independent settlement monitor Joseph Smith of the Office of Mortgage Settlement Oversight. Read more: More than 22K Arizonans receive mortgage aid in settlement
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A reverse mortgage is a type of home equity loan which is only available to seniors who own their own home.
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