Massachusetts mortgage borrowers received about $510 million in mortgage help last year as part of a multistate settlement with five major US banks, according to a report released Thursday.
The Office of Mortgage Settlement Oversight said 7,350 borrowers here got $69,456 each in mortgage assistance, on average, between March 1 and Dec. 31. The North Carolina-based office is charged with monitoring the accord reached between lenders and state attorneys general.
Comments
I work hard, live within my means, pay my taxes and pay my mortgage. Never on the dole.
Can I get a hand out please? Or, more correctly, can I get some of my own money back, please?
Despite the Obama's beliefs, I did, infact, make it, and I should get to keep more of it.
No ms. Ross, you don't need more. you already have received too much. Buying a house is an investment decision and investments in anything include risk.
$70,000 each?!?! Congratulations, you're living the new american dream.
Principle forgiveness. Incredible, just incredible.
Good. These predatory lenders and corrupt bankers will never go to jail but at least they are being forced to pay. It isn't everything they deserve, but it is something.