Washington state to get $648M in bank mortgage settlement – Puget Sound Business Journal

Washington state’s share of a landmark $25 billion agreement reached between states and the nation’s biggest mortgage lenders will be about $648 million.

The Herald in Everett reports major mortgage providers — Bank of America    (Washington state’s largest bank, ranked by market share), Wells Fargo & Co.    , JP Morgan Chase    & Co., Citigroup    and Ally Financial    — have agreed to provide money for loan modifications and other changes, direct relief to wronged homeowners and funding for housing programs.

Read More at The (Everett) Herald

via Washington state to get $648M in bank mortgage settlement – Puget Sound Business Journal.

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