Report: 5 big US banks have cut homeowners' loan debt by $19B, given $45.8B in total relief

  • Article by: MARCY GORDON , Associated Press
  • Updated: February 21, 2013 - 12:25 PM

WASHINGTON - Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses.

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