HONOLULU (AP) - Hawaii has joined the $25 billion federal-state agreement with the nation's five biggest mortgage servicers.
Hawaii Attorney General David Louie said Thursday that the state is sharing in a settlement for foreclosure abuses and fraud committed by banks against homeowners.
Louie said the agreement is a good deal and will give real relief to struggling Hawaii homeowners.
Officials said the state's estimated share of the settlement is $71 million. This includes about $8.2 million in relief funds for Hawaii homeowners.