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Borrowers To Get First Of $1.2B Foreclosure Deal Payments

By Evan Weinberger ( April 9, 2013, 12:29 PM EDT) -- Mortgage servicers will begin sending out the first $1. 2 billion in payments this week to borrowers whose homes were placed into foreclosure in 2009 and 2010, with the majority receiving the minimum $300 payment required under a settlement reached earlier this year, federal regulators announced Tuesday. . . .

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