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The Boston Globe


Mortgage loan relief slow in coming, analysis shows

WASHINGTON — Banks have paid less than half the $5.7 billion owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a Washington Post analysis.

When the settlements were announced with fanfare, officials hailed them as a long-promised reckoning with the financial industry. Regulators found some banks had saddled borrowers with unaffordable mortgages or assigned higher rates to minorities even when they qualified for a better deal. Some banks were accused of having employees ‘‘robo-sign’’ foreclosure documents without reading them or having proper documentation.

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