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$7.9M available for foreclosure help

June 11, 2012
The Maui News

HONOLULU (AP) - Organizations interested in receiving funding to help distressed Hawaii homeowners can apply for a foreclosure assistance program.

The funding comes from a $7.9 million settlement between the state of Hawaii and Bank of America Corp., J.P. Morgan Chase & Co., Wells Fargo & Co., CitiGroup Inc., and Ally Financial Inc.

The state attorney general's office said the money will help organizations on the frontlines of fighting the foreclosure crisis. Examples for the funding include housing and financial counseling, public education and mediation.

Funding applications must be received by July 13.



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