herald

Sunday 17 December 2017

US's $25bn home help

THE US government and the country's top mortgage lenders reached a landmark $25bn (¤18bn) deal to help struggling homeowners.

The biggest of the US banks, including Bank of America, will stump up $25bn to assist mortgage holders reduce the amount they owe on their mortgages. It will also provide for compensation for unfair repossessions.

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