Burt Hamrol of South San Francisco, California, is an early benefactor from the $25 billion national settlement with the nations five largest mortgage servicers. The 51-year-old carpenter recently learned he'd been approved by Bank of America for a $297,000 principal reduction and trial loan modification after several years of battling with mortgage servicers to keep his home. (Nader Khouri/MCT)
Burt Hamrol of South San Francisco, California, is an early benefactor from the $25 billion national settlement with the nations five largest mortgage servicers. The 51-year-old carpenter recently learned he'd been approved by Bank of America for a $297,000 principal reduction and trial loan modification after several years of battling with mortgage servicers to keep his home. (Nader Khouri/MCT) MCT
Burt Hamrol of South San Francisco, California, is an early benefactor from the $25 billion national settlement with the nations five largest mortgage servicers. The 51-year-old carpenter recently learned he'd been approved by Bank of America for a $297,000 principal reduction and trial loan modification after several years of battling with mortgage servicers to keep his home. (Nader Khouri/MCT) MCT

Economy

May 03, 2012 12:00 AM

Mortgage servicers finally helping on some foreclosures, but problems remain

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