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"In a historic deal, five major mortgage providers have agreed to pay $26 billion to state and federal officials to provide relief for the major mortgage meltdown that started in 2008. Bank of America, JP Morgan Chase, Citigroup, Ally Financial and Wells Fargo will provide $17 billion in mortgage relief to approximately 750,000 home owners who are underwater or behind on their mortgages, $1 billion will go to the federal government, $3 billion will help borrowers refinance into lower-interest rate loans and approximately $1.5 billion will go to homeowners who had their homes foreclosed between Jan 1, 2008 and Dec. 31, 2011. They will receive up to $2,000 each. The deal could expand to $30 billion if nine more servicers sign on and must be paid within three years or the providers will have to pay the remaining settlement in cash. If you&amp;#039;re dealing with mortgage problems, or other financial problems, read on for &amp;quot;Tips for Dealing with Three Major Financial Crises.&amp;quot; "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.womansday.com/life/news/a46785/mortgage-deal-26-million-dollars/>