CSA News You Can Use: Helpful Information on Mortgage Settlement

(Metropolitan Washington Council, AFL-CIO)Some homeowners struggling to make their mortgage payments will soon be eligible for loan modifications, including reductions to the principal loan amount. A recent settlement between 49 state Attorneys General, federal government officials and five of the country's biggest mortgage servicers will offer some relief to homeowners. Homeowners who have lost their home to foreclosure will receive a small cash payment and retain the right to sue and participate in other settlements. Click here for more information on what homeowners can expect from the $25 billion settlement regarding eligibility and potential services.