Bigger Piece Of the Pie
Sacramento, CA – The Associated Press reports California will receive a larger share of a previously announced settlement with the nation’s major mortgage lenders. That will allow the state to help more troubled homeowners. The state is expected to get at least $20.6 billion. That is roughly $2 billion more than projected a year ago when the settlement with the five largest banks was announced. The settlement will help about 175,000 California borrowers.