AG Kilmartin Reports National Mortgage Settlement Consumer Relief Data

WASHINGTON, D.C. – May 22, 2013 – (RealEstateRama) — Attorney General Peter F. Kilmartin today reported on the progress made by the nation’s five largest mortgage service providers to assist Rhode Island homeowners under the National Mortgage Settlement. According to data provided by the five banks that are parties to the Settlement, through March 31, 2013, approximately 2,064 homeowners in Rhode Island have received relief in the form of first and second lien modification forgiveness, short sales, principal refinancing and other forgiveness programs, with an aggregate amount of relief/benefit or $150 million, or $72,708 average benefit per homeowner