One Year Later: National Mortgage Settlement Brings Millions of Dollars in Relief to Massachusetts Homeowners

BOSTON – February 11, 2013 – (RealEstateRama) — Thousands of Massachusetts homeowners on the brink of foreclosure have received assistance in the year since Attorney General Martha Coakley announced a $25 billion national settlement with the five major lenders over their servicing and foreclosure practices. This success has been driven in large part by the AG’s first-in-the nation HomeCorps program which her office created and launched last April and has already directly assisted more than 4,600 borrowers in Massachusetts, more than a thousand of whom have now received permanent loan modifications.