Leading wave of settlement money buoys homeowners

Hawaii gets a $71 million share from the $25 billion deal with five major lenders

POSTED: 01:30 a.m. HST, Aug 30, 2012

~~<p>Relief has begun to arrive for many Hawaii homeowners threatened by foreclosure under a settlement between the five largest U.S. mortgage lenders and the state and federal government.</p>
<p>Some $40 million in mortgage debt obligations were alleviated for 362 Hawaii homeowners between March and June, according to an initial progress report released Wednesday by the federal Office of Mortgage Settlement Oversight.</p>
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Relief has begun to arrive for many Hawaii homeowners threatened by foreclosure under a settlement between the five largest U.S. mortgage lenders and the state and federal government.

Some $40 million in mortgage debt obligations were alleviated for 362 Hawaii homeowners between March and June, according to an initial progress report released Wednesday by the federal Office of Mortgage Settlement Oversight. Login for more...