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1540 WADK.com Updates

Foreclosure relief for some Rhode Islanders


A national settlement is expected to bring financial relief to Rhode Islanders victimized by improper foreclosures and/or deceptive mortgage practices.  The federal Consumer Financial Protection Bureau and 49 attorneys general reached the two-billion dollar settlement with Ocwen Financial Corporation and its subsidiaries.  In Rhode Island, Ocwen will provide more than nine-and-a-half-million dollars in first lien principal reductions as part of the settlement. 

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