Maryland To Get Nearly $1 Billion In Massive Mortgage Settlement

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    (Baltimore, MD)  —  The state of Maryland will get a big chunk of chance out of a mortgage settlement announced with the nation’s largest banks.  Attorney General Doug Gansler says the state will receive about 960-million dollars in benefits and relief for distressed homeowners in the state.

    The nation’s largest mortgage providers — Wells Fargo, Bank of America, Citi, JP Morgan Chase and Ally — all agreed to the multi-state financial settlement in response to a nationwide investigation into foreclosure abuses and mortgage servicing practices.  Gansler says the settlement will help thousands of Maryland residents stay in their homes through enhanced loan modifications and other services.

    Source: Copyright © 2012 Metro Networks Inc.

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