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Five big banks OK mortgage relief

Settlement cuts debt by $19 billion
By MARCY GORDON Modified: February 22, 2013 at 7:02 pm •  Published: February 23, 2013
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In brief

Big banks OK mortgage relief

Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses.

More than 550,000...
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