Tennessee homeowners benefit from settlement

NASHVILLE, Tenn. (AP) -- A preliminary report shows Tennessee homeowners are benefiting from a settlement reached with the nation's top five mortgage servicers.

Tennessee and 48 other attorneys general and federal agencies reached the agreement with the servicers in April following a series of state and federal investigations into improper foreclosures and industry practices.

The settlement is designed to provide assistance to struggling homeowners.

The report released this week by a settlement monitor shows Tennessee homeowners received $36 million in relief during the first quarter of the settlement, which was from March through June.

The settlement is estimated to provide $25 billion in relief nationwide, including roughly $140 million in Tennessee.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 168006616 - local8now.com/a?a=168006616
Gray Television, Inc.