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Using the National Mortgage Settlement to Help Clients in Foreclosure

By Peggy P. Lee

The federal government and forty-nine states reached a $25 billion settlement, in March 2012, with the “Big Five” mortgage servicers over loan servicing and foreclosure abuses. The settlement established national mortgage servicing standards that legal services attorneys can use as a tool to protect their clients’ homes. Advocates can report mortgage-servicing abuses to the National Association of Consumer Advocates Attorneys General National Mortgage Settlement Survey Database.

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