APPROXIMATELY 22,965 CHECKS AVERAGING $1,480 COMING TO COLORADO BORROWERS THROUGH NATIONAL MORTGAGE SETTLEMENT

    DENVER – June 5, 2013 – (RealEstateRama) — Colorado borrowers who submitted a valid foreclosure payment claim through the National Mortgage Settlement will receive a check this month for an average of $1,480. To date, the total cash payments for mortgage servicing abuse are Colorado is $32,882,672. This relief is in addition to $405.3 million already provided to more than 7,000 borrowers for principal reductions, mortgage modifications and other forms of relief.

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