The US government has reached what is being called a landmark deal, with some of the nation's biggest mortgage lenders -- Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial -- over foreclosure and mortgage abuses which occurred after the burst of the housing bubble. The settlement will provide as much as $25 billion in relief to distressed borrowers.
Visit www.nationalmortgagesettlement.com for more information and to see if your loan is affected by the settlement.
Your loan must be affiliated with one of the five big lenders that signed the agreement. If your mortgage company or servicer is one of the companies listed below then call the numbers to see if you qualify.
Bank of America: 1-877-488-7814
Citigroup: 1-866-272-4749
Chase: 1-866-372-6901
Ally/GMAC: 1-800-766-4622
Wells Fargo: 1-800-288-3212

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