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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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2 More Banks to Join the AGs Settlement


It has been announced that there could potentially be two more large banks that want to participate in the settlement against the 5 largest banks. US Bancorp and PNC are the two big regional banks that are considering joining. These two banks are very close to reaching an agreement which would allow them to join the settlement.
   
Between the two banks there is a total of "$370 million in mortgage-related expenses as part of their fourth-quarter results". The Justice Department has been in contact with other banks that might be interested in the settlement. This would increase the dollar amount of the settlement.