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VOL. 36 | NO. 34 | Friday, August 24, 2012




Tennessee homeowners benefit from mortgage settlement

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NASHVILLE (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.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0