Among first-lien mortgages that received a principal reduction, borrowers had their loan balances cut by an average of $117,000, according to the independent monitor established to ensure that banks were meeting the terms of a settlement agreed to in March.
Banks Complete $6.3 Billion In Mortgage Write-downs
WSJ.com: What's News US, Wall Street Journal
Mon, 11/19/2012 - 8:39am
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