
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.
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More than 22K Arizonans receive mortgage aid in settlement
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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