5 big US lenders have reduced mortgage balances by $6.3 billion, given $26.1 billion in relief

  • by: ALEX VEIGA , Associated Press
  • Updated: November 19, 2012 - 3:54 PM

LOS ANGELES - Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $6.3 billion, part of a total $26.1 billion in home loan relief provided under a landmark settlement over foreclosure abuses.

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