081How the Big Bank Mortgage Settlements Help Homeowners

 

This is a wsj.com article.

By Christina Rexrode and Emily Glazer

 

J.P. Morgan, Citigroup and Bank of America are still distributing aid to borrowers and neighborhoods affected by the housing crisis.

Billions of dollars from bank settlements are going to homeowners–but the path to get it into their hands can be complicated.

J.P. Morgan Chase & Co., Citigroup and Bank of America are still distributing aid to borrowers, neighborhoods and other entities affected by the housing crisis, as part of the three banks’ biggest settlements with the Justice Department over mortgage securities.

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