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Economy and Business


Mortgage settlement money comes to Ohio
Some 10,000 state residents divvy up $383 million 

Story by BRIAN BULL


 
Attorney General Mike DeWine says every little bit of money coming into the state from the national mortgage settlement helps.
Courtesy of Brian Bull
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The Ohio attorney general's office says $383 million has gone to 10,000 state residents as part of the National Mortgage Settlement announced last year.
Five major mortgage servicers -- including Wells Fargo and Bank of America -- were parties in the settlement. Attorney General Mike DeWine says the settlement money will help those victimized by robo-signing and other practices, though he acknowledges the individual distributions are modest.
Mortgage settlement money comes to Ohio

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"It could be a thousand dollars; it could be $2,000, but every little bit helps. And they have been victimized, and this is helpful to them.”

DeWine says this is likely the last few dollars owed in restitution. Nationally, the five servicers have reported providing $51 billion in consumer relief through late June.
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