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November 20, 2012

Washington -- Five of the biggest U.S. banks have reduced the mortgages of struggling Connecticut homeowners by nearly $185 million, according to the latest report by a national settlement monitor.

The loan forgiveness is a result of a $26 billion settlement between Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial and the Justice Department and dozens of state attorneys general, including George Jepsen of Connecticut, who was a chief negotiator.

 

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Monday, 19 November 2012
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