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    HUD announces $25M mortgage servicing settlement

    3:55 PM, Apr 11, 2012   |    comments
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    LITTLE ROCK, Ark. (KTHV) - An announcement today by HUD could put money in the hands of some Arkansas homeowners.

    Officials say it comes from a $25 million mortgage servicing settlement approved by a federal court last week. They say homeowners with loans serviced by one of five participating mortgage servicers could be eligible for assistance.

    Authorities say the money will come from a pool of $38 million set aside for the state of Arkansas which homeowners can use to either refinance or pay down principal.

    To see whether you're entitled to assistance, visit the United States Department of Justice's website.

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